Adjusting Entries and Adjusted Trial Balances Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 2046, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company Unadjusted Trial Balance October 31, 2016 Debit Credit Balonces Balances Cash 5,040 Accounts Receivable 45,730 Prepaid Insurance 8,530 Supplies 2,330 Land 134,490 Building 322,670 Accumulated Depreciation-Building 164,330 Equipment 161,620 Accumulated Depreciation Equipment 117,050 Accounts Payable 14,340 Uneamed Rent 8,140 Suzanne Emerson, Capital 343,600 14,340 8,140 343,600 17,830 387,580 Accounts Payable Uneamed Rent Suzanne Emerson, Capital Suzanne Emerson, Drawing Fees Eamed Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 231,000 50,770 27,130 20,540 7,360 1,035,040 1,035,040 . The data needed to determine year-end adjustments are as follows: Unexpired Insurance at October 31, $5,720, Supplies on hand at October 31, $700. Depreciation of building for the year, $3,780. Depreciation of equipment for the year, $3,280. Uneamed rent at October 31, $2,120. Accrued salaries and wages at October 31, $3,700 Fees earned but unbilled on October 31, $21,700 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable: Rent Revenues Insurance Expense; Depreciation Expense-Building: Deprecation Expense-Equipment and Supplies Expense. If an amount box does not require an entry, leave it blank. 2016 Oct. 31 31 II II III I 31 31 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Deprecation Expense--Buildino; Depreciation Expense-Equipments and Supplies Expense. If an amount box does not require an entry leave it blank 2016 Oct. 31 31 31 III) I II II II II 31 31 31 31 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 11