Continuing Problem 3. Total of Debit The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 umn: $42,340 should appear as follows: PS Music Unadjusted Trial Balance General July 31, 2019 Credit Ledger Account Debit No. Balances Balances Cash . .. . . .. . . . . . .... . . . . . .. 11 9,945 Accounts Receivable. . . 12 2,750 Supplies .... 14 1,020 Prepaid Insurance . 15 2,700 Office Equipment . ... 17 7,500 Accounts Payable .... . . .... 21 8,350 Unearned Revenue .... 23 7,200 Peyton Smith, Capital ... 31 9,000 Peyton Smith, Drawing 32 1,750 Fees Earned. . . . . . . 41 16,200 Wages Expense ... 50 2,800 Office Rent Expense . . 51 2,550 Equipment Rent Expense 52 1,375 Utilities Expense . .. . 53 1,215 Music Expense ... 54 3,610 Advertising Expense. .. . 55 1,500 Supplies Expense. ... 56 180 Miscellaneous Expense .. 59 1,855 40,750 40,750 The data needed to determine adjustments are as follows: . During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. For information on the amount of the accrued revenue to be billed to KXMD, see the contract described in the July 3 transaction at the end of Chapter 2. Supplies on hand at July 31, $275. The balance of the prepaid insurance account relates to the July 1 transaction in Chapter 2. Depreciation of the office equipment is $50. The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in the July 3 transaction in Chapter 2. . Accrued wages as of July 31 were $140. Instructions 1. Prepare adjusting journal entries. You will need the following additional accounts: 18 Accumulated Depreciation-Office Equipment 22 Wages Payable 57 Insurance Expense 58 Depreciation Expense 2. Post the adjusting entries, inserting balances in the accounts affected. 3. Prepare an adjusted trial balance