Adjusting Entries and Adjusted Trial Balances Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 2016, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company Unadjusted Trial Balance October 31, 20Y6 Debit Credit Balances Balances Cash 3,790 Accounts Receivable 34,380 Prepaid Insurance 6,410 Supplies 1,750 Land 101,110 Building 262,370 Accumulated Depreciation-Building 123,550 Equipment 121,510 Accumulated Depreciation-Equipment 88,000 Accounts Payable 10,780 Unearned Rent 6,120 Suzanne Emerson, Capital 278,100 Suzanne Emerson, Drawing 13,400 Fees Earned 291,390 Salaries and Wages Expense 173.670 Utilities Expense 38,170 Advertising Expense 20,400 Repairs Expense 15,440 Miscellaneous Expense 5,540 797,940 797,940 The data needed to determine year-end adjustments are as follows: Unexpired insurance at October 31, $4,290. Supplies on hand at October 31, $530. Depreciation of building for the year, $2,840. Depreciation of equipment for the year, $2,460. Unearned rent at October 31, $1,590. Accrued salaries and wages at October 31, $2,780. Fees earned but unbilled on October 31, $16,320. Required: 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. If an amount box does not require an entry, leave it blank. 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. If an amount box does not require an entry, leave it blank. 2016 Insurance Expense Oct. 31 Prepaid Insurance 2,120 2,120 31 Supplies Expense Supplies 1,220 1,220 31 Depreciation Expense-Building 2,840 Accumulated Depreciation-Building 2,840 31 Depreciation Expense-Equipment 2,400 Accumulated Depreciation-Equipment 2,400 31 Unearned Rent Rent Revenue 4,530 4,530 31 Salaries and Wages Expense 2,780 Salaries and Wages Payable 2,780 31 Accounts Receivable Fees Earned 16,320 16,320 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Emerson Company Adjusted Trial Balance October 31, 2016 Debit Balances Credit Balances