1. Sune of the accoun Journalize the seven entries that aucu ule alluns al were affected by more than one adjusting entry. OBJ. 2,3,4,5,4 2. Total of Debit column: $420,300 d the following PR 3-5B Adjusting entries and adjusted trial balances Reece Financial Services Co., which specializes in appliance repair services, is owne operated by Joni Reece. Reece Financial Services' accounting clerk prepared the foll unadjusted trial balance at July 31, 2019: Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Debit Credit Balances Excel Balances General Ledger 10,200 34,750 6,000 1,725 50,000 155,750 62,850 45,000 Cash. Accounts Receivable. Prepaid Insurance. Supplies Land ...... Building ....... . Accumulated Depreciation-Building... Equipment................ Accumulated Depreciation-Equipment. Accounts Payable ... Unearned Rent .... Joni Reece, Capital .... Joni Reece, Drawing .... Fees Earned....... Salaries and Wages Expense.... Utilities Expense ........ Advertising Expense ..... Repairs Expense... Miscellaneous Expense ... 17,650 3.750 3,600 153,550 8,000 158.600 56,850 14,100 7,500 6,100 4,025 400,000 400,000 155 Chapter 3 The Adjusting Process The data needed to determine year-end adjustments are as follows: Depreciation of building for the year, $6,400. Depreciation of equipment for the year, $2,800. Accrued salaries and wages at July 31, $900. Unexpired insurance at July 31, $1,500. Fees earned but unbilled on July 31, $10,200. Supplies on hand at July 31, $615. Rent unearned at July 31, $300. Instructions 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. 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. PR 3-6B Adiusting entries and errors OBJ. 2, 3, 4,5