Adjusting EntriesandAdjusted 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 CompanyUnadjusted Trial BalanceAugust 31, 2018Debit

BalancesCredit

BalancesCash4,440Accounts Receivable40,340Prepaid Insurance7,520Supplies2,050Land118,640Building214,050Accumulated DepreciationBuilding144,970Equipment142,570Accumulated DepreciationEquipment103,250Accounts Payable12,650Unearned Rent7,180Common Stock80,000Retained Earnings152,500Dividends15,730Fees Earned341,900Salaries and Wages Expense203,770Utilities Expense44,790Advertising Expense23,930Repairs Expense18,120Miscellaneous Expense6,500842,450842,450

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

• Unexpired insurance at August 31, $5,040.
• Supplies on hand at August 31, $620.
• Depreciationof building for the year, $3,330.
• Depreciation of equipment for the year, $2,890.
• Rent unearned at August 31, $1,870.
• Accrued salaries and wages at August 31, $3,260.
• Fees earned but unbilled on August 31, $19,150.
• Required:

1.Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense;Depreciation ExpenseBuilding; Depreciation ExpenseEquipment; and Supplies Expense.