Emerson Company is a small editorial services company owned and operated by Suzanne Emerson on October 31, 2016, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DERIT CREDIT Cash 6,820.00 Accounts Receivable 34,940,00 1 Prepaid Insurance 6,550,00 Instructions + Supplies 1,800.00 5 Land 102,400.00 6 Building 273,200.00 79,660.00 123,110.00 Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment 10 Accounts Payable 89,130.00 11,060.00 11 Uneamed Rent 6,140.00 11 Suzanne Emerson, Capital 338,000.00 11 Suzanne Emerson Drawing 14,000.00 Instructions 295,320.00 14 Fees Earned 15 Salaries and Wages Expense 175,950.00 16 Utilities Expense 38,560.00 27 Advertising Expense 20,750,00 11 Repairs Expense 15700.00 19 Miscellaneous Expense 5,530.00 20 Totals 819,310.00 819310.00 Instructions The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $550. b. Supplies on hand at October 31, $610. c. Depreciation of building for the year, $10,920. d. Depreciation of equipment for the year, $7,830. e. Unearned rent at October 31, $2,050. f. Accrued salaries and wages at October 31, $2,550. g. Fees earned but unbilled on October 31, $9,140. 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