CengageNOWV2 Online teach + eBook Adjusting entries and adjusted trial balances Chart of Accounts Journal Adjusted Trial Balance Instructions Rowland Company is a small editorial services company owned and operated by Marlene Rowland. 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 ACCOUNT TITLE CREDIT DEBIT 7,655.00 38345.00 Accounts Receivable 1 Prepaid insurance Supplies Land 7075.00 2.290.00 113.500.00 149.450 eBook Adjusting entries and adjusted trial balances Chart of Accounts Journal Adjusted Trial Balance Instructions 149,450,00 87.905.00 * Building 7 Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment 19 Accounts Payable 11 Uneared Rent 133,250.00 96.435.00 11,860,00 6,705.00 11 Common Stock 74,530.00 1 Retained Eamings 146.290,00 14 Dividends 14.690.00 14.690.00 15 Fees Eamed 328,600.00 198.220.00 1 Salanes and Wages Expense Utilities Expense it Advertising Expense 2 Repairs Expense 42.110.00 22.315.00 17.210.00 Ech o eBook Adjusting entries and adjusted trial balances Chart of Accounts Journal Adjusted Trial Balance Instructions The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at August 31, 55,860 b. Supplies on hand at August 31, 5545 c Depreciation of building for the year, $7.985 d. Depreciation of equipment for the year, $4.080. e Rent uneared at August 31, $1,145 Accrued salaries and wages at August 31, $3,490 g Fees earned but unbilled on August 31, $11,640 Required: 1 Journalize the adjusting entries using the following additional accounts Salaries and Wages Payable, Rent Revenue Insurance Expense, Depreciation ExperieBuilding, Depreciation Expense-Equipment and Supplies Expense. Refer to the Chart of Accounts for exact worting of account titles 2 Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance Chart of Accounts Journal Adjusted Trial Balance Instructions 10 Accounts Payable 11.860.00 11 Unearned Rent 6,705.00 12 Common Stock 74,530.00 13 Retained Earnings 146,290.00 14 Dividends 14.690.00 15 Fees Earned 328,600.00 198,220.00 42,120.00 16 Salaries and Wages Expense 11 Utilities Expense 11 Advertising Expense 1 Repairs Expense 20 Miscellaneous Expense 22.315.00 17.210.00 6.205,00 21 Totals 752.525.00 752.325.00 22