Instructions Chart of Accounts Journal Adjusted Trial Balance E Instructions 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: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DEBIT CREDIT Cash 7,755.00 Accounts Receivable 38,655.00 3 Prepaid Insurance 7,380.00 + Supplies 2,065.00 5 Land 111,050.00 153,300.00 86,065.00 6 Building Accumulated Depreciation Building & Equipment 9 Accumulated Depreciation Equipment 140,000.00 97,335.00 10 Accounts Payable 12,090.00 11 Unearned Rent 6,385.00 12 Suzanne Emerson, Capital 231,005.00 13 Suzanne Emerson, Drawing 14,910.00 14 Fees Earned 327,650.00 15 Salaries and Wages Expense 197,220.00 16 Utilities Expense 42,205.00 17 Advertising Expense 22,795.00 18 Repairs Expense 16,910.00 19 Miscellaneous Expense 6,285.00 20 Totals 760,530.00 760,530.00 The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $6,015. b. Supplies on hand at October 31, $400. c. Depreciation of building for the year, $7,740. d. Depreciation of equipment for the year, $3,835. e. Unearned rent at October 31, $1,625. f. Accrued salaries and wages at October 31, $2,720. g. Fees earned but unbilled on October 31, $11,520. 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