1 Cash 2 Accounts Receivable ACCOUNT TITLE DEBIT 6,820.00 34,940.00 CREDIT 3 Prepaid Insurance 6,550.00 4 Supplies 5 Land 1,800.00 102,400.00 6 Building 273,200.00 7 Accumulated Depreciation-Building 79,660.00 8 Equipment 123,110.00 9 Accumulated Depreciation-Equipment 89,130.00 10 Accounts Payable 11,060.00 11 Unearned Rent 6,140.00 12 Suzanne Emerson, Capital 338,000.00 13 Suzanne Emerson, Drawing 14,000.00 14 Fees Earned 295,320.00 15 Salaries and Wages Expense 175,950.00 16 Utilities Expense 38,560.00 17 Advertising Expense 20,750.00 18 Repairs Expense 15,700.00 19 Miscellaneous Expense 5,530.00 20 Totals 819,310.00 819,310.00 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense-Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. DATE DESCRIPTION 1 Adjusting Entries 2 3 4 5 6 7 8 9 10 11 12 JOURNAL PAGE 10 ACCOUNTING EQUATION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. 1 Cash Emerson Company ADJUSTED TRIAL BALANCE ACCOUNT TITLE 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Suzanne Emerson, Capital 14 Suzanne Emerson, Drawing 15 Fees Earned 16 Rent Revenue October 31, 20Y6 DEBIT CREDIT Adjusted Trial Balance 5 Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Suzanne Emerson, Capital 14 Suzanne Emerson, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 26 Totals