Adjusting entries and adjusted trial balances Reece Financial Services Co , which specializes in appliance repair services, is owned and operated by Joni Reece Reece Financial Services accounting clerk prepared the following unadjusted trial balance at July 31, 20Y9 Reece Financial Services Co Unadjusted Trial Balance July 31, 20Y9 Line Item Description Debit Balances Credit Balances Cash 4,230 Accounts Receivable 38,440 Prepaid Insurance 7,170 Supplies 1,950 Land 113,030 Building 203,920 Accumulated DepreciationBuilding 138,110 Equipment 135,830 Accumulated DepreciationEquipment 98,370 Accounts Payable 12,050 Unearned Rent 6,840 Common Stock 80,000 Retained Earnings 141,500 Dividends 14,980 Fees Earned 325,740 Salaries and Wages Expense 194,140 Utilities Expense 42,670 Advertising Expense 22,800 Repairs Expense 17,260 Miscellaneous Expense 6,190 802,610 802,610 The data needed to determine year end adjustments are as follows Depreciation of building for the year, $3,180 Depreciation of equipment for the year, $2,750 Accrued salaries and wages at July 31, $3,110 Unexpired insurance at July 31, $4,800 Fees earned but unbilled on July 31, $18,240 Supplies on hand at July 31, $590 Rent unearned at July 31, $1,780 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

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Adjusting entries and adjusted trial balances Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial

Adjusting entries and adjusted trial balances

Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services accounting clerk prepared the following unadjusted trial balance at July 31, 20Y9:

Reece Financial Services Co. Unadjusted Trial Balance July 31, 20Y9
Line Item Description	Debit Balances	Credit Balances
Cash	4,230
Accounts Receivable	38,440
Prepaid Insurance	7,170
Supplies	1,950
Land	113,030
Building	203,920
Accumulated DepreciationBuilding		138,110
Equipment	135,830
Accumulated DepreciationEquipment		98,370
Accounts Payable		12,050
Unearned Rent		6,840
Common Stock		80,000
Retained Earnings		141,500
Dividends	14,980
Fees Earned		325,740
Salaries and Wages Expense	194,140
Utilities Expense	42,670
Advertising Expense	22,800
Repairs Expense	17,260
Miscellaneous Expense	6,190
	802,610	802,610

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

Depreciation of building for the year, $3,180. Depreciation of equipment for the year, $2,750. Accrued salaries and wages at July 31, $3,110. Unexpired insurance at July 31, $4,800. Fees earned but unbilled on July 31, $18,240. Supplies on hand at July 31, $590. Rent unearned at July 31, $1,780.

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.