Instruction Pima Comando se company and undered by a Panon Odober 2019 the end of the current year, Patman Company's accounting clerk prepared the foowing nadute bance Company UNDJUSTED A BALANCE October 31, 2017 Mcus Acastle 250000 38,400.00 2.200.00 1.980.00 112.000 10020 und Depreca 550.00 135.300.00 Dette 97.950.00 13.150.00 350.00 571.000.00 Got 15.000 M 54 Fees Eamed 324,600.00 193,370.00 42,375.00 15 Salaries and Wages Expense 15 Utilities Expense 1) Advertising Expense 12 Repairs Expense 19 Miscellaneous Expense 22,800.00 17.250.00 6,075,00 30 Totals 900,000.00 900,000.00 The data needed to determine year-end adjustments are as follows: a Unexpired insurance at October 31, $500 b. Supplies on hand at October 31, 5675. Depreciation of building for the year, 512,000 d. Depreciation of equipment for the year, 58,600. Uneamed rent at October 31, $2.250 Accrued salaries and wages at October 31, S2.800 g Fees earned but unbited on October 31, 510,050, Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable. Rent Revenue Insurance Expense Deoreciation Expense-Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the Chart or Accounts for exact wording of accounttities 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance PAGE 10 JOURNAL ACCOUNTING EQUATION DIATE POST REY DEBIT CREDIT ASSETS LIABILITIES EQUITY 2.080.00 DESCRIPTION Adjusting Entries Insurance Expende Prepaid Insurance Supplies Supplies Expense Deprecation Accumulated Depreciation Building Accumulated Depreciation Equipment Depreciation Unearned Rent Rent Revente Satanies and Wages Expense Salaries and Wages Payable Accounts Receivable Fees Earned 11 13 11 14 15 Pitman Company ADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,500.00 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land 6 Building 7 Accumulated Depreciation Building 3 Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 15 Fees Earned 16 Rent Rovanie Adjusted Trial Balance 9 Accumulated Depreciation Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 15 Jan Pitman, Capital 14 Jan Pitman, Drawing 25 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 13 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 25 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 6,075.00 26 Totals 750,000.00 750,000.00 Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,500.00 2 Accounts Receivable 38,400.00 7.200.00 3 Prepaid Insurance + Supplies 1,980,00 5 Land 112,500.00 6 Building 300.250.00 7 Accumulated Depreciation-Building 87550.00 155.300.00 * Equipment Accumulated Depreciation-Equipment 10 Accounts Payable 97,950.00 12.250.00 11 Uneared Rent 61750.00 12 Jan Pitman, Capital 371.000.00 15 Jan Pitman. Drawing 15.000.00 14 Fees Earned 324,600.00 15 Slaties and Wanet Expense 1922