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Martin Editing Company UNADJUSTED TRIAL BALANCE August 31, 20Y1 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,710.00 2 Accounts Receivable 37,935.00 3 Prepaid Insurance 7,070.00 4

Martin Editing Company

UNADJUSTED TRIAL BALANCE

August 31, 20Y1

ACCOUNT TITLE DEBIT CREDIT

1

Cash

7,710.00

2

Accounts Receivable

37,935.00

3

Prepaid Insurance

7,070.00

4

Supplies

2,125.00

5

Land

108,400.00

6

Building

145,300.00

7

Accumulated Depreciation-Building

85,610.00

8

Equipment

134,800.00

9

Accumulated Depreciation-Equipment

96,100.00

10

Accounts Payable

12,625.00

11

Unearned Rent

6,340.00

12

Common Stock

75,495.00

13

Retained Earnings

144,195.00

14

Dividends

15,120.00

15

Fees Earned

323,700.00

16

Salaries and Wages Expense

196,770.00

17

Utilities Expense

42,265.00

18

Advertising Expense

23,135.00

19

Repairs Expense

17,195.00

20

Miscellaneous Expense

6,240.00

21

Totals

744,065.00

744,065.00

The data needed to determine year-end adjustments are as follows:

Unexpired insurance at August 31, $6,105.
Supplies on hand at August 31, $485.
Depreciation of building for the year, $7,140.
Depreciation of equipment for the year, $4,445.
Rent unearned at August 31, $1,890.
Accrued salaries and wages at August 31, $3,330.
Fees earned but unbilled on August 31, $11,475.
Required:
1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation ExpenseBuilding; Depreciation ExpenseEquipment; and Supplies Expense.
2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance.

1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation ExpenseBuilding; Depreciation ExpenseEquipment; and Supplies Expense.

General Journal Instructions

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY

1

Adjusting Entries

2

3

4

5

6

7

8

9

10

11

12

13

14

15

2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance.

August 31, 20Y1

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

Accounts Payable

11

Unearned Rent

12

Salaries and Wages Payable

13

Common Stock

14

Retained Earnings

15

Dividends

16

Fees Earned

17

Rent Revenue

18

Salaries and Wages Expense

19

Utilities Expense

20

Advertising Expense

21

Repairs Expense

22

Depreciation Expense-Building

23

Depreciation Expense-Equipment

24

Insurance Expense

25

Supplies Expense

26

Miscellaneous Expense

27

Totals

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