1 Cash 2 Accounts Receivable Martin Editing Company UNADJUSTED TRIAL BALANCE August 31, 20Y1 ACCOUNT TITLE DEBIT 7,655.00 38,345.00 CREDIT 3 Prepaid Insurance 7,075.00 4 Supplies 2,290.00 5 Land 113,500.00 6 Building 149,450.00 7 Accumulated Depreciation-Building 87,905.00 Equipment 133,250.00 9 Accumulated Depreciation-Equipment 96,435.00 10 Accounts Payable 11,860.00 11 Unearned Rent 6,705.00 12 Common Stock 13 Retained Earnings 74,530.00 146,290.00 14 Dividends 14,690.00 15 Fees Earned 328,600.00 16 Salaries and Wages Expense 198,220.00 17 Utilities Expense 42,120.00 Instructions Common STOCK 13 Retained Earnings BATTERIO 146,290.00 14 Dividends 14,690.00 15 Fees Earned 328,600.00 16 Salaries and Wages Expense 198,220.00 17 Utilities Expense 42,120.00 18 Advertising Expense 22,315.00 19 Repairs Expense 17,210.00 20 Miscellaneous Expense 21 Totals 6,205.00 752,325.00 752,325.00 The data needed to determine year-end adjustments are as follows: . Unexpired insurance at August 31, $5,860. Supplies on hand at August 31, $545. Depreciation of building for the year, $7,985. Depreciation of equipment for the year, $4,080. Rent unearned at August 31, $1,145. Accrued salaries and wages at August 31, $3,490. Fees earned but unbilled on August 31, $11,640. 14 ASSETS 15 11 Cash 16 12 Accounts Receivable 17 13 Prepaid Insurance 18 14 Supplies 19 15 Land 20 21 Th 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation-Equipment LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries and Wages Payable REVENUE 41 Fees Earned 42 Rent Revenue EXPENSES 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expense 54 Repairs Expense 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense EQUITY 31 Common Stock: 32 Retained Earnings 33 Dividends T 3 11 11 24 DATE DESCRIPTION Adjusting Entries JOURNAL ACCOUNTING EQUATION POST REF DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 Cash 2 Accounts Receivable 3 Prepaid Insurance Martin Editing Company ADJUSTED TRIAL BALANCE August 31, 20Y1 ACCOUNT TITLE 4 Supplies s Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 15 Common Stock 14 Retained Earnings 15 Dividends 16 Fees Earned 17 Rent Revenue MM DEBIT CREDIT Adjusted Trial Balance 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Common Stock 14 Retained Earnings 15 Dividends 16 Fees Earned 17 Rent Revenue 18 Salaries and Wages Expense 19 Utilities Expense 20 Advertising Expense 21 Repairs Expense 22 Depreciation Expense-Building 25 Depreciation Expense-Equipment 24 Insurance Expense 25 Supplies Expense 26 Miscellaneous Expense 27 Totals