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 Balances Credit Balances Cash 5,160 Accounts Receivable 46,790 Prepaid Insurance 8,720 Supplies 2,380 Land 137,610 Building 328,280 168,140 165,370 Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable 119,760 14,670 Unearned Rent 8,330 Suzanne Emerson, Capital 349,700 Suzanne Emerson, Drawing 18,240 Fees Earned 396,560 Salaries and Wages Expense 236,350 Utilities Expense 51,950 27,760 Advertising Expense Repairs Expense 21,020 Miscellaneous Expense 7,530 1,057,160 1,057,160 The data needed to determine year-end adjustments are as follows: Unexpired insurance at October 31, $5,840. Supplies on hand at October 31, $710. Depreciation of building for the year, $3,870. Depreciation of equipment for the year, $3,350. Unearned rent at October 31, $2,170. Accrued salaries and wages at October 31, $3,780. Fees earned but unbilled on October 31, $22,210. 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. 2016 Oct. 31 Insurance Expense Prepaid Insurance 31 Supplies Expense Supplies 31 Depreciation Expense-Building Accumulated Depreciation-Building II II 31 Depreciation Expense-Equipment Accumulated Depreciation-Equipment 31 Unearned Rent Rent Revenue 31 Salaries and Wages Expense Salaries and Wages Payable 31 Accounts Receivable II Fees Earned 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 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent Salaries and Wages Payable mil