Instructions Chart of Accounts Journal Adjusted Trial Balance 11 Instructions Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 DEBIT CREDIT ACCOUNT TITLE 1 Cash 7655.00 38,345.00 2 Accounts Receivable 7075.00 Prepaid Insurance Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,655.00 2 Accounts Receivable 38,345.00 paid Insurance 7,075.00 4 Supplies 2,290.00 5 Land 113,500.00 6 Building 7. Accumulated Depreciation Building 149.450.00 87,905.00 Chaal Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions 87,905.00 7 Accumulated Depreciation Building 8 Equipment 9 Accumulated Depreciation-Equipment 133,250.00 96,435.00 10 Accounts Payable 11,860.00 11 Uneamed Rent 6,705.00 220,820.00 14,690.00 Pitman, Capital 13 Jan Pitman, Drawing 14 Fees Earned 15 Salaries and Wages Expense 328,600.00 198,220.00 16 Utilities Expense 42,120.00 Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Jan Pitman, Capital Z20,O20.00 13 Jan Pitman, Drawing 14,690.00 14 Fees Eamed 328,600.00 198,220.00 42,120.00 15 Salaries and Wages Expense 16 Utilities Expense 1) Advertising Expense 18 Repairs Expense 19 Miscellaneous Expense 22,315.00 17,210.00 6,205.00 20 Totals 752,325.00 752,325.00 Adjusting entries and adjusted trial balances Instructions Chart of Accounts ! Journal ! Adjusted Trial Balance Instructions The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $5,860. b. Supplies on hand at October 31, $545. c. Depreciation of building for the year, $7,985. Depreciation of equipment for the year, $4,080. e. Unearned rent at October 31, $1,145. f. Accrued salaries and wages at October 31, $3,490. g. Fees earned but unbilled on October 31, $11,640. Required: Instructions c. Depreciation of building for the year, $7.985. d. Depreciation of equipment for the year, $4,080. e. Unearned rent at October 31, $1,145. 1. Accrued salaries and wages at October 31, $3,490. 9. Fees earned but unbilled on October 31, $11,640. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payablo, Rent Revenue, Insurance Expense, Depreciation Expense-Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the Chart of Accounts for exact wording of account titles Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. Adjusting entries and adjusted trial balances Instructions Chart of Accounts ! Journal ! Adjusted Trial Balance Instructions Chart of Accounts CHART OF ACCOUNTS Pitman Company General Ledger ASSETS 2 11 Cash REVENUE 41 Fees Earned 42 Rent Revenue 12 Accounts Receivable 13 Prepaid Insurance 14 Supplies 15 Land EXPENSES 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expense 16 Building 17 Accumulated Depreciation Building Instructions Chart of Accounts 15 Land 16 Building 17 Accumulated Depreciation Building 18 Equipment 19 Accumulated Depreciation Equipment 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expenso 54 Repairs Expense 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries and Wages Payable 58 Supplies Expense 59 Miscellaneous Expense EQUITY Check My Work Journal Shaded cells have feedback 1. Joumalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense-Building, Deprecintion Expense-Equipment and Supplies Expense. Refer to the Chart of Accounts for exact wording of account thes. How does grading work? PAGE 10 JOURNAL Score: 140/176 ACCOUNTING EQUATION DATE POST. REK DESCRIPTION Adjusting Entries DOBIT CREDIT 1 ASSETS LIABILITIES EQUITY Oct. 31 Insurance Expense Preoald Insurance 1.325.00 Adjusted Trial Balance ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounte Davabla Adjusted Trial Balance 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense Adjusted Trial Balance 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 26 Totals Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 CREDIT ACCOUNT TITLE DEBIT 7,655.00 1 Cash 2 Accounts Receivable 38,345.00 7075.00 Prepaid Insurance Instructions The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $5,860. b. Supplies on hand at October 31, $545. c. Depreciation of building for the year, $7,985. Depreciation of equipment for the year, $4,080. e. Unearned rent at October 31, $1,145. f. Accrued salaries and wages at October 31, $3,490. g. Fees earned but unbilled on October 31, $11,640. Required: Instructions c. Depreciation of building for the year, $7,985 d. Depreciation of equipment for the year, $4,080. e. Unearned rent at October 31, $1,145. 1. Accrued salaries and wages at October 31, $3,490. g. Fees earned but unbilled on October 31, $11,640. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payablo, Ront Revenue, Insurance Expense, Depreciation Expense-Building, Depreciation Expense-Equipment and Supplies Expense. Refer to the Chart of Accounts for exact wording of account titles Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance. Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal ! Adjusted Trial Balance Instructions Chart of Accounts CHART OF ACCOUNTS Pitman Company General Ledger ASSETS 11 Cash REVENUE 41 Fees Earned 42 Rent Revenue 12 Accounts Receivable 13 Prepaid Insurance 14 Supplies 15 Land EXPENSES 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expense 16 Building 17 Accumulated Depreciation Building Instructions Chart of Accounts 15 Land 16 Building 17 Accumulated Depreciation-Building 18 Equipment 19 Accumulated Depreciation Equipment 51 Salaries and Wages Expense 52 Utilities Expense 53 Advertising Expenso 54 Repairs Expense 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment 57 Insurance Expense 58 Supplies Expense 59 Miscellaneous Expense LIABILITIES 21 Accounts Payable 22 Unearned Rent 23 Salaries and Wages Payable EQUITY Check My Work Journal Shaded cells have feedback 1. Joumalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense-Building, Deprecintion Expense-Equipment and Supplies Expense. Refer to the Chart of Accounts for exact wording of account thes. How does grading work? PAGE 10 JOURNAL Score: 140/176 ACCOUNTING EQUATION DATE POSTER DEBIT DESCRIPTION Adjusting Entries CREDIT 1 LIABILITIES EQUITY Oct. 31 Insurance Expense 3 Preoald Insurance 1.325.00 Adjusted Trial Balance ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounte Davabla Adjusted Trial Balance 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Jan Pitman, Capital 14 Jan Pitman, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 18 Utilities Expense 19 Advertising Expense Adjusted Trial Balance 18 Utilities Expense 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 23 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 26 Totals Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance: Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 CREDIT ACCOUNT TITLE DEBIT 7,655.00 1 Cash 2 Accounts Receivable 38,345.00 7075.00 Prepaid Insurance Instructions The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $5,860. b. Supplies on hand at October 31, $545. c. Depreciation of building for the year, $7,985. Depreciation of equipment for the year, $4,080. e. Unearned rent at October 31, $1,145. f. Accrued salaries and wages at October 31, $3,490. g. Fees earned but unbilled on October 31, $11,640. Required