mtinuing Problem 3. Total of Debit The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 She column: 542,340 appear as follows: PS Music Unadjusted Trial Balance July 31, 2015 Credit Cash. 7,200 9,000 16.200 Account Debit No. Balances Balances 11 9.945 12 2.750 Accounts Receivable. 14 1,020 Supplies 15 2.700 Prepaid Insurance 17 7.500 Office Equipment 21 8,350 Accounts Payable 23 Unearned Revenue 31 Common Stock 33 1.750 Dividends 41 Fees Earned SO 2,800 Wages Expense 51 Office Rent Expense 2.550 52 1.375 Equipment Rent Expense 53 1.215 Utilities Expense Music Expense. 54 3,610 Advertising Expense. 55 1.500 Supplies Expense 56 180 Miscellaneous Expense 59 1.855 40.750 40,750 The data needed to determine adjustments are as follows: During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. For information on the amount of the accrued revenue to be billed to KXMD, see the contra described in the July 3 transaction at the end of Chapter 2. Supplies on hand at July 31, $275. The balance of the prepaid insurance account relates to the July 1 transaction at the end of Chapter 2 Depreciation of the office equipment is $50. The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in the July 3 transaction at the end of Chapter 2. Accrued wages as of July 31 were $140. Instructions 1. Prepare adjusting journal entries. You will need the following additional accounts: 18 Accumulated Depreciation ---Office Equipment 22 Wages Payable 57 Insurance Expense 58 Depreciation Expense 2. Post the adjusting entries, inserting balances in the accounts affected. 3. Prepare an adjusted trial balance