1. 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 Company's accounting clerk prepared the following unadjusted trial balance:

   Pitman Company
   Unadjusted Trial Balance
   October 31, 2019
   	Debit Balances		Credit Balances
   Cash	3,610
   Accounts Receivable	32,760
   Prepaid Insurance	6,110
   Supplies	1,670
   Land	96,330
   Building	253,810
   Accumulated DepreciationBuilding			117,710
   Equipment	115,760
   Accumulated DepreciationEquipment			83,840
   Accounts Payable			10,270
   Unearned Rent			5,830
   Jan Pitman, Capital			268,800
   Jan Pitman, Drawing	12,770
   Fees Earned			277,610
   Salaries and Wages Expense	165,460
   Utilities Expense	36,370
   Advertising Expense	19,430
   Repairs Expense	14,710
   Miscellaneous Expense	5,270
   	764,060		764,060

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

   Required:

   • Unexpired insurance at October 31, $4,090.
   • Supplies on hand at October 31, $500.
   • The systematic periodic transfer of the cost of a fixed asset to an expense account during its expected useful life.Depreciation of building for the year, $2,710.
   • Depreciation of equipment for the year, $2,350.
   • Unearned rent at October 31, $1,520.
   • Accrued salaries and wages at October 31, $2,650.
   • Fees earned but unbilled on October 31, $15,550.

   1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; The portion of the cost of a fixed asset that is recorded as an expense each year of its useful life.Depreciation ExpenseBuilding; Depreciation ExpenseEquipment; and Supplies Expense.

   a.	Accounts Payable Cash Insurance Expense Insurance Payable Prepaid Insurance
   	Accounts Payable Cash Insurance Expense Insurance Payable Prepaid Insurance Prepaid Receivable
   b.	Accounts Payable Cash Supplies Expense Supplies Payable Supplies
   	Accounts Payable Cash Supplies Expense Supplies Payable Supplies
   c.	Accounts Payable Accumulated Depreciation-Building Building Expense Building Depreciation Expense-Building Depreciation Payable-Building
   	Accounts Payable Accumulated Depreciation-Building Building Expense Building Depreciation Expense-Building
   d.	Accounts Payable Accumulated Depreciation-Equipment Depreciation Expense-Equipment Depreciation Payable-Equipment Equipment Expense Equipment
   	Accounts Payable Accumulated Depreciation-Equipment Depreciation Expense-Equipment Equipment Expense Equipment
   e.	Cash Prepaid Rent Rent Expense Rent Revenue Unearned Receivable Unearned Rent
   	Cash Prepaid Rent Rent Expense Rent Revenue Unearned Rent
   f.	Accounts Payable Cash Fees Earned Salaries and Wages Expense Salaries and Wages Payable
   	Accounts Payable Cash Fees Earned Salaries and Wages Expense Salaries and Wages Payable
   g.	Accounts Payable Accounts Receivable Cash Fees Earned Unearned Fees
   	Accounts Payable Accounts Receivable Cash Fees Earned Fees Payable Unearned Fees

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   1. Journalize the adjusting entries using the following additional accounts, Salaries and Wages Payable, Rent Revenue, Insurance Expense, The portion of the cost of a fixed asset that is recorded as an expense each year of its useful life.Depreciation ExpenseBuilding, Depreciation ExpenseEquipment, and Supplies Expense.

   Pitman Company
   Adjusted Trial Balance
   October 31, 2019
   	Debit Balances	Credit Balances
   Accumulated Depreciation-Building Cash Fees Earned Rent Revenue Salaries and Wages Payable Supplies Payable Unearned Rent
   Accounts Payable Accounts Receivable Jan Pitman, Drawing Fees Earned Insurance Payable Rent Revenue Salaries and Wages Payable Supplies Revenue
   Advertising Expense Accumulated Depreciation-Building Fees Payable Insurance Expense Insurance Payable Miscellaneous Expense Prepaid Insurance Rent Revenue
   Accounts Payable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Fees Earned Rent Revenue Salaries and Wages Payable Supplies Unearned Rent
   Accounts Payable Accumulated Depreciation-Equipment Fees Earned Land Salaries and Wages Receivable Unearned Rent
   Accounts Payable Building Fees Earned Fees Payable Insurance Payable Rent Revenue Salaries and Wages Payable Supplies Expense
   Accumulated Depreciation-Building Depreciation Expense-Building Fees Earned Miscellaneous Expense Repairs Expense Utilities Expense
   Accounts Payable Equipment Fees Earned Insurance Payable Rent Revenue Salaries and Wages Payable Supplies Expense Unearned Rent
   Accounts Payable Advertising Expense Accumulated Depreciation-Equipment Depreciation Expense-Equipment Fees Earned Rent Revenue
   Accounts Payable Accounts Receivable Accumulated Depreciation-Building Building Cash Equipment Fees Earned Land
   Accumulated Depreciation-Building Accumulated Depreciation-Equipment Building Cash Fees Earned Prepaid Insurance Rent Revenue Unearned Rent
   Advertising Expense Accounts Receivable Land Prepaid Insurance Rent Revenue Salaries and Wages Payable Supplies Unearned Rent
   Accounts Payable Accounts Receivable Accumulated Depreciation-Building Accumulated Depreciation-Equipment Building Equipment Fees Earned Land Jan Pitman, Capital
   Advertising Expense Fees Earned Jan Pitman, Drawing Rent Revenue Salaries and Wages Expense Utilities Expense
   Accounts Payable Accounts Receivable Accumulated Depreciation-Building Building Cash Fees Earned Prepaid Insurance Salaries and Wages Payable Unearned Rent
   Accumulated Depreciation-Equipment Building Equipment Land Rent Revenue Salaries and Wages Expense Supplies Expense Unearned Rent
   Accounts Receivable Building Jan Pitman, Capital Land Salaries and Wages Expense Salaries and Wages Payable
   Building Jan Pitman, Capital Land Salaries and Wages Payable Unearned Rent Utilities Expense
   Advertising Expense Building Jan Pitman, Capital Salaries and Wages Payable Unearned Rent Utilities Expense
   Advertising Expense Jan Pitman, Capital Land Repairs Expense Salaries and Wages Payable Unearned Rent
   Accumulated Depreciation-Building Depreciation Expense-Building Equipment Jan Pitman, Capital Salaries and Wages Payable Unearned Rent
   Accumulated Depreciation-Equipment Depreciation Expense-Equipment Equipment Jan Pitman, Capital Salaries and Wages Payable Unearned Rent
   Accounts Receivable Insurance Expense Jan Pitman, Capital Land Salaries and Wages Payable Unearned Rent
   Accumulated Depreciation Expense-Building Accumulated Depreciation Expense-Equipment Land Prepaid Insurance Salaries and Wages Payable Supplies Supplies Expense Utilities Expense
   Accumulated Depreciation Expense-Building Accumulated Depreciation Expense-Equipment Land Miscellaneous Expense Prepaid Insurance Salaries and Wages Payable Supplies Utilities Expense