Chapter 3 The Adjusting Process 143 American Leaf Company Trial Balances October 31, 2012 Unadjusted Debit Credit Balances Balances Cash Accounts Receivable.. 16 Supplies 38 12 Prepaid Insurance 20 Land 26 Equipment.. 40 Accumulated Depreciation Equipment 8 Accounts Payable 26 Wages Payable. 0 Common Stock.. 20 Retained Earnings 72 Dividends 8 Fees Earned. 74 Wages Expense 24 Rent Expense 8 Insurance Expense 0 Utilities Expense ... 4 Depreciation Expense 0 0 Supplies Expense.. 4 Miscellaneous Expense 200 200 Adjusted Debit Credit Balances Balances 16 44 10 8 26 40 12 26 2 20 72 8 80 26 8 12 4 4 2 4 212 212 Journalize the five entries that adjusted the accounts at October 31, 20Y2. None of the accounts were affected by more than one adjusting entry. EX 3-27 Adjusting entries from trial balances Obj. 6 The accountant for Eva's Laundry prepared the following unadjusted and adjusted trial balances. Assume that all balances in the unadjusted trial balance and the amounts of the adjustments are correct. Identify the errors in the accountants adjusting entries, assuming that none of the accounts aff than adiusting entry