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: The data needed to determine year-end adjustments are as follows 25 Miscellaneous Expense 26 Totals Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries and Wages Payable 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense EQUITY 31 Suzanne Emerson, Capital 32 Suzanne Emerson, Drawing Instructions Chart of Accounts Journal Adjusted Triol Balence \begin{tabular}{l|l|l|l|} \hline Instructions & Chart of Accounts & Aoumaljusted Trial Balance \\ \hline \end{tabular} Adjusted Trial Balance 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Suzanne Emerson, Capital 24 Suzanne Emerson, Drawing 15 Fees Eamed 16. Rent Revenue 17. Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense is Miscellaneous Expense Instructions Chart of Accounts Joumal Adjusted Trial Balance Chart of Accounts CHART OF ACCOUNTS Emerson Company General Ledger ASSETS 11 Cash 12 Accounts Recelvable 13 Prepaid Insurance 14 Supplies 15 Land 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation-Equipment LLABILITIES 21 Accounts Payable 22 Unearned Rent REVENUE 41 Fees Eamed 42 Rent Revenue EXPENSES 51 Salaries and Wages Expense 52 Utilties Expense 53 Advertising Expense 54 Repairs Expense 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense 1. Joumalize 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 joumals will automatically indent a credit entry when a credit amount is entered The data needed to determine year-end adjustrnents are as follows. a. Unexpired insurance at October 31,$6,130 b. Simplies on hand at Cotater 31 \$815 c. Pepreciation of bulding for the year, $7.610 d. Depreciation of equipment for the year, $4,300. e. Unearned rent at October 31,$1,490 1. Accrued salaries and wages at Oclober 31, 53,040. 9. Fees earned but unbilled on October 31,$10,865. Required: 1. Joumalize the edfusting entries using the following additional accounts. Salanies 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 entres. CNOW joumals will automaticaly indent a credit entry when a credit amount is entered. 2. Determine the balances of the accounts affected by the adfusting entries and prepare an adfusted trial balance