Adjusting Entries and Adjusted Trial Balances

Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 20Y6, Emerson Company's accounting clerk prepared the following unadjusted trial balance:

Emerson Company
Unadjusted Trial Balance
October 31, 20Y6
	Debit Balances		Credit Balances
Cash	5,420
Accounts Receivable	49,180
Prepaid Insurance	9,170
Supplies	2,500
Land	144,620
Building	340,890
Accumulated DepreciationBuilding			176,710
Equipment	173,790
Accumulated DepreciationEquipment			125,860
Accounts Payable			15,420
Unearned Rent			8,750
Suzanne Emerson, Capital			363,400
Suzanne Emerson, Drawing	19,170
Fees Earned			416,770
Salaries and Wages Expense	248,390
Utilities Expense	54,600
Advertising Expense	29,170
Repairs Expense	22,090
Miscellaneous Expense	7,920
	1,106,910		1,106,910

The data needed to determine year-end adjustments are as follows:

• Unexpired insurance at October 31, $6,140.
• Supplies on hand at October 31, $750.
• Depreciation of building for the year, $4,060.
• Depreciation of equipment for the year, $3,520.
• Unearned rent at October 31, $2,280.
• Accrued salaries and wages at October 31, $3,970.
• Fees earned but unbilled on October 31, $23,340.