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ed Trial Balances Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services accounting der

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ed Trial Balances Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services accounting der prepared the following unadjusted trial balance at July 31, 2019: Reece Financial Services Co. Unadjusted Trial Balance July 31, 2049 Debit Credit Balances Balances 10,200 34,750 6,000 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Accounts Payable Unearned Rent 1,725 50,000 155,750 62,850 45,000 17,650 3,750 3,600 Common Stock Retained Earnings Dividends 60,000 93,550 8,000 Fees Earned 158,600 Salaries and Wages Expense Utilities Expense 56,850 14,100 Advertising Expense Repairs Expense 7,500 Miscellaneous Expense 6,100 4,025 400,000 400,000 The data needed to determine year-end adjustments are as follows: Depreciation of building for the year, $6,400. Depreciation of equipment for the year, $2,800. Accrued salaries and wages at July 31, $900. Unexpired insurance at July 31, $1,500. Fees earned but unbilled on July 31, $10,200. Supplies on hand at July 31, 5615. Rent unearned at July 31, $300. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense-Bullding: Depreciation Expense-Equipment, and Supplies Expense. If an amount box does not require an entry, leave blank. 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. If an amount box does not require an entry, leave it blank. July 31 II ba II II II II I DI II II II II II II 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank. Reece Financial Services Co. Adjusted Trial Balance July 31, 2019 Debit Balances Credit Balances Previous Check My Work Total

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