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 dark prepared the following unadjusted trial balance: Rowland Company Unadjusted Trial Balance August 31, 2018 Debit Balances Credit Balances "Cash 4,250 Accounts Receivable 38,590 7,190 Prepaid Insurance Supplies Land 1,960 113,480 204,760 138,660 Building Accumulated Depreciation-Building Equipment Accumulated Depreciation -- Equipment Accounts Payable 136,380 98,770 12,100 5,870 30,000 Uneamed Rent Common Stock 142,400 Retained Earnings Previous eBook Printem Common Stock 80,000 Retained Earnings 142,400 Dividends 15,040 327,040 194,920 Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 42,840 22,890 17,330 6,210 805,840 805,840 The data needed to determine year-end adjustments are as follows Unexpired Insurance at August 31, 34,820 Supplies on hand at August 31, 5590. Depreciation of building for the year, 53,190 Deprecation of equipment for the year, $2.770 Rent Untamed at August 31, 51,700, Accrued salaries and wages at August 31, 53,120 Tees earned but unbilled on August 31, 518,310 Required: 1. Journace the adjusting entries using the following additional accounts Stars and Wages Puyable; Rent venue Insurance Expen Building, Depreciation Expense-Equipment and Supplies Expense Insurance Expense 2x 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. Insurance Expense a. 2.750 x Prepaid Insurance b. Supplies Expense Supplies Depreciation Expense-Building Accumulated Depreciation-Building II ll I d. Depreciation Expense-Equipment Accumulated Depreciation Equipment Unearned Rent Rent Revenue 1. Salaries and Wages Expense Salaries and Wages Payable ebook 3 Printem Leaming Objective 2. Leaming Objective 3. org bearing 5 dicat 2. Determine the balances of the accounts affected by the adjusting entries, and prepare a juiste trebalance. If no amount box blank Rowland Company Adjusted Trial Balance August 31, 2018 Debit Balances Credit Balances Check My Work A Wave C tv S . g Totals Foedback Check My Work 2. Use joumal entries to add to unadjusted account balances to determine adjusted account balances for the trace the other accounts that were not adjusted to prepare the adjusted trial balance Check My Work All work saved E La tv IL
