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

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

Unexpired insurance at October 31, $600

Supplies on hand at October 31 $675

Depreciation of building for the year $12,000

Depreciation of equipment for the year $8600

Unearned rent at October 31 $2250

Accrued salaries and wages at October 31, $2800

Fees earned but unbilled on October 31, $10,050

Instructions:

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

2.Determine the balances of the accounts affected by the adjusting entries and I need a adjusted trial balance.

Pitman Company

Unadjusted Trial Balance

31-Oct-19

List of Accounts

Debit Balance

Credit Balance

Cash

7,500

Accounts Receivable

38,400

Prepaid Insurance

7,200

Supplies

1,980

Land

112,500

Building

300,250

Accumulated Depreciation - Building

87,550

Equipment

135,300

Accumulated Depreciation - Equipment

97,950

Accounts Payable

12,150

Unearned Rent

6,750

Jan Pitman, Capital

371,000

Jan Pitman, Drawing

15,000

Fees Earned

324,600

Salaries and Wages Expense

193,370

Utilities Expense

42,375

Advertising Expense

22,800

Repairs Expense

17,250

Miscellaneous Expense

6,075

900,000

900,000