Adjusting Entries and Adjusted Trial Balances Rowland Company is a small editorial services company owned and operated by Fran Briggs. On August 31, 2018, the end of the current year, Rowland Company's accounting clerk prepared the following unadjusted trial balance: Rowland Company Unadjusted Trial Balance August 31, 2018 Debit Credit Balances Balances Cash 3,730 Accounts Receivable 33,850 Prepaid Insurance 6,310 Supplies 1,720 Land 99,530 Building 179,510 Accumulated Depreciation-Building 121,620 Equipment 119,610 Accumulated Depreciation-Equipment 86,620 Accounts Payable 10,610 Unearned Rent 6,020 Check My Work 1 more Check My Work uses remaining Accounts Payable 10,610 Unearned Rent 6,020 80,000 115,000 13,190 286,830 Common Stock Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 170,950 37,570 20,080 15,200 5,450 706,700 706,700 The data needed to determine year-end adjustments are as follows: Unexpired Insurance at August 31, $4,230. Supplies on hand at August 31, $520. Depreciation of building for the year, $2,800. Depreciation of equipment for the year, $2,430. Rent unearned at August 31, $1,570. Accrued salaries and wages at August 31, $2,740. Fees earned but unbilled on August 31, $16,060. 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. 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. It an amount box does not require an entry, leave it blank. Rowland Company Adjusted Trial Balance August 31, 2018 Debit Balances Credit Balances LA ter maininn