My Home CengageNOWV21 Online Teaching and learning resource from Cangage Learning Book Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Emerson Company is a small editorial services company owned and operated by Suzanne Emerson on October 31, 2016, Emerson Company's accounting clerk prepared the following unadjusted trial balance: Emerson Company UNADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DERIT CREDIT 1 Cash 7420.00 1 Accounts Receivable 38,360.00 7,320.00 Prepaid Insurance Canellas 7290 Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions 5 Land 117,000.00 154,900.00 85,745.00 6 Building 7 Accumulated Depreciation-Building 8 Equipment Accumulated pepreciation Equipment 10 Accounts Payable 130,900.00 97,550.00 11,735.00 11 Unearned Rent 7,130.00 227645.00 12 Suzanne Emerson, Capital 15 Suzanne Emerson, Drawing 14,705.00 14 Fees Eamed 325,550.00 15 Salaries and Wages Expense 193,870.00 Instructions Chart of Accounts Journal Adje Balance Instructions 325,550.00 193,870.00 42,220.00 14 Fees Earned 15 Salaries and Wages Expense 16 Utilities Expense 17 Advertising Expense 18 Repairs Expense 19 Miscellaneous Expense 22,740.00 17,455.00 6,075.00 755,355.00 755,355.00 20 Totals The data needed to determine your-end adjustments are as follows: a. Unexpired insurance at October 31, $5,850. adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions 20 Totals 755,355.00 7553355.00 The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, 55,850. b. Supplies on hand at October 31, $310. o. Depreciation of bullding for the year, 87,850. d. Depreciation of equipment for the year. $4,220. e. Unearned rent at October 31, 1,495. 1. Accrued salaries and wages at October 31, $3,040, g. Fees earned but unbilled on October 31, $11,186 Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions c. Depreciation of building for the year, $7.750 d. Depreciation of equipment for the year. $4,220, e. Unearned rent at October 31, $1,495. 1. Accrued salaries and wages at October 31, $3,040. 9. Fees earned but unbilled on October 31, 11,185 Required: 1. Joumalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation Expense - Building, Deproclation 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 kne 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. Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Journal 1. Journalize the adjusting entries using the following adaltional accounts: Sataries and Wages Payutie, Rent Revenue, insurance Expense, Depreciation Expert-Bulding. Depreciation Expense-Equipment and Supplies Expense. Refer to the chart of accounts for the exact wording of the account titles. CNOW jourmets do not use lines for joumal explorations. Every Ine on a journal page is used for debit or credit entries CNOW joumals will automatically indent a crudt entry when a crudt amount is entered NGE 10 JOURNAL ACCOUNTING EQUATION DATE POST RER DERIT CREDIT 1 DESCRIPTION Adjusting Entries 2 3 5 Previous Next Check My Work and learning resource from Cengage Learning oBook Adjusting entries and adjusted trial balances Instruction Chart of Accounts Journal Adjusted Trial Balance Instructions Journal Adjusted Trial Balance 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance Emerson Company ADJUSTED TRIAL BALANCE October 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 1 Prepaid Insurance * Supplies 5 Land palances Instructions Chart of Accounts Journal Adjusted Trial Balance Instructions Journal Adjusted Trial Balance La 2 Accounts Receivable 3 Prepaid Insurance * Supplies 5 Land Building Accumulated Depreciation Building Equipment Accumulated Depreciation-Equipment 10 Accounts Payable 11 Uneared Rent 12 Salaries and Wages Payable 1 Suanne Emerton Pantal Pre Adjusting entries and adjusted trial balances Instructions Chart of Accounts Journal Adjusted Trial Balance 1 Instructions Journal Adjusted Trial Balance 111 Uneamed Kent 12 Salaries and Wages Payable 15 Suzanne Emerson, Capital * Suzanne Emerson, Drawing 15 Fees Earned 16 Rent Revenue 17 Salaries and Wages Expense 11 Utilities Expense 19 Advertising Expense > Repairs Expense 21 Depreciation Expense-Building 12 Depreciation Expense-Equipment 19 Advertising Expense 20 Repairs Expense 21 Depreciation Expense-Building 22 Depreciation Expense-Equipment 25 Insurance Expense 24 Supplies Expense 25 Miscellaneous Expense 26 Totals Check My Work Email Instructor Sa