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

Emerson Company

UNADJUSTED TRIAL BALANCE

October 31, 20Y6

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,565.00
2	Accounts Receivable	38,860.00
3	Prepaid Insurance	7,310.00
4	Supplies	2,435.00
5	Land	117,450.00
6	Building	153,100.00
7	Accumulated Depreciation-Building		87,230.00
8	Equipment	137,150.00
9	Accumulated Depreciation-Equipment		99,160.00
10	Accounts Payable		12,005.00
11	Unearned Rent		6,425.00
12	Suzanne Emerson, Capital		231,485.00
13	Suzanne Emerson, Drawing	14,500.00
14	Fees Earned		327,050.00
15	Salaries and Wages Expense	196,570.00
16	Utilities Expense	42,485.00
17	Advertising Expense	22,730.00
18	Repairs Expense	17,280.00
19	Miscellaneous Expense	5,920.00
20	Totals	763,355.00	763,355.00

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

a.	Unexpired insurance at October 31, $5,985.
b.	Supplies on hand at October 31, $470.
c.	Depreciation of building for the year, $7,900.
d.	Depreciation of equipment for the year, $4,590.
e.	Unearned rent at October 31, $1,560.
f.	Accrued salaries and wages at October 31, $3,085.
g.	Fees earned but unbilled on October 31, $11,010.

	Required:
1.	Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation ExpenseBuilding, Depreciation ExpenseEquipment 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.