Adjusting Entries and Adjusted Trial Balances Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019, the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company Unadjusted Trial Balance October 31, 2019 Debit Credit Balances Balances Cash Accounts Receivable Prepaid Insurance 5,270 47,810 8,910 Supplies 2,430 Land 140,610 Building 333,620 Accumulated Depreciation-Building 171,810 Equipment 168,970 Accumulated Depreciation-Equipment 122,370 Accounts Payable 14,990 Unearned Rent 8,510 Jan Pitman, Capital 355,500 Jan Pitman, Drawing 18,640 Fees Earned 405,210 Salaries and Wages Expense 241,510 Utilities Expense 53,080 Advertising Expense 28,360 Repairs Expense 21,480 Miscellaneous Expense 7,700 1,078,390 1,078,390 The data needed to determine year-end adjustments are as follows: Unexpired insurance at October 31, $5,970. Supplies on hand at October 31, $730. Depreciation of building for the year, $3,950. Depreciation of equipment for the year, $3,430. Unearned rent at October 31, $2,210. Accrued salaries and wages at October 31, $3,860. Fees earned but unbilled on October 31, $22,690. 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. a. Insurance Expense Prepaid Insurance b. Supplies Expense x Supplies X X c. Depreciation Expense-Building 3,950 Accumulated Depreciation-Building 3,950 d. Depreciation Expense-Equipment 3,430 Accumulated Depreciation-Equipment 3,430 e. Unearned Rent Rent Revenue f. Salaries and Wages Expense Salaries and Wages Payable g. x X 3,860 3,860 22,690 22,690 X 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. Pitman Company Adjusted Trial Balance October 31, 2019 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 Accounting numeric field Jan Pitman, Capital Jan Pitman, Drawing Fees Earned Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Depreciation Expense-Building Depreciation Expense-Equipment Insurance Expense Supplies Expense Miscellaneous Expense