Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Companys accounting clerk prepared the following unadjusted trial balance:

Pitman Company

UNADJUSTED TRIAL BALANCE

October 31, 2019

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,420.00
2	Accounts Receivable	38,360.00
3	Prepaid Insurance	7,320.00
4	Supplies	2,390.00
5	Land	117,000.00
6	Building	154,900.00
7	Accumulated Depreciation-Building		85,745.00
8	Equipment	130,900.00
9	Accumulated Depreciation-Equipment		97,550.00
10	Accounts Payable		11,735.00
11	Unearned Rent		7,130.00
12	Jan Pitman, Capital		227,645.00
13	Jan Pitman, Drawing	14,705.00
14	Fees Earned		325,550.00
15	Salaries and Wages Expense	193,870.00
16	Utilities Expense	42,220.00
17	Advertising Expense	22,740.00
18	Repairs Expense	17,455.00
19	Miscellaneous Expense	6,075.00
20	Totals	755,355.00	755,355.00

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

a.	Unexpired insurance at October 31, $5,850.
b.	Supplies on hand at October 31, $310.
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.
f.	Accrued salaries and wages at October 31, $3,040.
g.	Fees earned but unbilled on October 31, $11,185.

	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. 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

Pitman Company

General Ledger

	ASSETS
11	Cash
12	Accounts Receivable
13	Prepaid Insurance
14	Supplies
15	Land
16	Building
17	Accumulated Depreciation-Building
18	Equipment
19	Accumulated Depreciation-Equipment

	LIABILITIES
21	Accounts Payable
22	Unearned Rent
23	Salaries and Wages Payable

	EQUITY
31	Jan Pitman, Capital
32	Jan Pitman, Drawing

	REVENUE
41	Fees Earned
42	Rent Revenue

	EXPENSES
51	Salaries and Wages Expense
52	Utilities Expense
53	Advertising Expense
54	Repairs Expense
55	Depreciation Expense-Building
56	Depreciation Expense-Equipment
57	Insurance Expense
58	Supplies Expense
59	Miscellaneous Expense