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 Balances Balances Cash 4,430 Accounts Receivable 40,210 Prepaid Insurance 7,500 2,040 118,240 293,300 Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment - Accounts Payable 144,470 142,090 102,900 12,610 Unearned Rent 7,160 311,700 Suzanne Emerson, Capital Suzanne Emerson, Drawing 15,670 15,670 Fees Earned 340,740 203,080 Salaries and Wages Expense Utilities Expense Advertising Expense 44,640 23,850 18,060 Repairs Expense Miscellaneous Expense 6,470 919,580 919,580 The data needed to determine year-end adjustments are as follows: : Unexpired insurance at October 31, $5,030. Supplies on hand at October 31, $610. Depreciation of building for the year, $3,320 Depreciation of equipment for the year, $2,880. Unearned rent at October 31, $1,860. Accrued salaries and wages at October 31. $3.250 Fees earned but unbilled on October 31, $19,080. 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 31 31 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 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