Emerson Company $is$ a small editorial services company owned and operated $by$ Suzanne Emerson. $On$ October $31,20Y6,$ Emerson Company$s$ accounting clerk prepared the following unadjusted trial balance:

Emerson Company

UNADJUSTED TRIAL BALANCE

October $31,20Y6$

ACCOUNT TITLE DEBIT CREDIT

$1$

Cash

$7,420\mathrm{.}00$

$2$

Accounts Receivable

$38,360\mathrm{.}00$

$3$

Prepaid Insurance

$7,320\mathrm{.}00$

$4$

Supplies

$2,390\mathrm{.}00$

$5$

Land

$117,000\mathrm{.}00$

$6$

Building

$154,900\mathrm{.}00$

$7$

Accumulated Depreciation$-$Building

$85,745\mathrm{.}00$

$8$

Equipment

$130,900\mathrm{.}00$

$9$

Accumulated Depreciation$-$Equipment

$97,550\mathrm{.}00$

$10$

Accounts Payable

$11,735\mathrm{.}00$

$11$

Unearned Rent

$7,130\mathrm{.}00$

$12$

Suzanne Emerson, Capital

$227,645\mathrm{.}00$

$13$

Suzanne Emerson, Drawing

$14,705\mathrm{.}00$

$14$

Fees Earned

$325,550\mathrm{.}00$

$15$

Salaries and Wages Expense

$193,870\mathrm{.}00$

$16$

Utilities Expense

$42,220\mathrm{.}00$

$17$

Advertising Expense

$22,740\mathrm{.}00$

$18$

Repairs Expense

$17,455\mathrm{.}00$

$19$

Miscellaneous Expense

$6,075\mathrm{.}00$

$20$

Totals

$755,355\mathrm{.}00$

$755,355\mathrm{.}00$

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

$a.$ Unexpired insurance $at$ October $31,$ $$5,850.$

$b.$ Supplies $on$ hand $at$ October $31,$ $$310.$

$c.$ Depreciation $of$ building for the year, $$7,750.$

$d.$ Depreciation $of$ equipment for the year, $$4,220.$

$e.$ Unearned rent $at$ October $31,$ $$1,495.$

$f.$ Accrued salaries and wages $at$ October $31,$ $$3,040.$

$g.$ Fees earned but unbilled $on$ October $31,$ $$11,185.$

Required:

$1.$ 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. Refer $to$ the chart $of$ accounts for the exact wording $of$ the account titles. CNOW journals $do$ not use lines for journal explanations. Every line $on$ a journal page $is$ used for debit $or$ credit entries. CNOW journals will automatically indent a credit entry when a credit amount $is$ entered.

$2.$ Determine the balances $of$ the accounts affected $by$ the adjusting entries and prepare $an$ adjusted trial balance.