Instructions Rowland Company is a small editorial services company owned and operated by Marlene Rowland. On August 31, 2018, the end of the current year, Rowland Company's accounting clerk prepared the following unadjusted trial balance Rowland Company UNADJUSTED TRIAL BALANCE August 31, 2018 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,500.00 2 Accounts Receivable 38,400.00 3 Prepaid Insurance 7,200.00 Instructions 4 Supplies 5 Land 1.980.00 112,500.00 6 6 Building 150,250.00 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 87,550.00 135,300.00 97.950.00 10 Accounts Payable 12.150.00 11 Unearned Rent 6.750.00 12. Common Stock 75,000.00 13 Retained Earnings 146,000.00 14 Dividends 15,000.00 Instructions 14 Dividends 15,000.00 15 Fees Earned 324,600.00 16 Salaries and Wages Expense 193,570.00 17 Uiilities Expense 42,375.00 18 Advertising Expense 22.800.00 19 Repairs Expense 17,250.00 20 Miscellaneous Expense 6,075.00 21 Totals 750,000.00 750,000.00 The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at August 31, $6,000. b. Supplies on hand at August 31, $480 c. Depreciation of building for the year, $7,500. d. Depreciation of equipment for the year. $4,150. e. Rent unearned at August 31, $1,550 f. Accrued salaries and wages at August 31, $3,200. g. Fees earned but unbilled on August 31, $11,330. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, 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 exact wording of account titles. 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. Chart of Accounts CHART OF ACCOUNTS Rowland Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Prepaid Insurance 14 Supplies EXPENSES 15 Land 51 Salaries and Wages Expense 16 Building 52 Utilities Expense Chart of Accounts Ro 16 Building 52 Utilities Expense 17 Accumulated Depreciation-Building 53 Advertising Expense 18 Equipment 54 Repairs Expense 19 Accumulated Depreciation-Equipment 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment LIABILITIES 57 Insurance Expense 21 Accounts Payable 58 Supplies Expense 22 Unearned Rent 59 Miscellaneous Expense 23 Salaries and Wages Payable EQUITY 31 Common Stock Chart of Accounts po vepreciauon Expense-Equipment LIABILITIES 57 Insurance Expense 21 Accounts Payable 58 Supplies Expense 22 Unearned Rent 59 Miscellaneous Expense 23 Salaries and Wages Payable EQUITY 31 Common Stock 1 32 Retained Earnings 33 Dividends