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please label charts correctly and make answers clear The data needod to determine year-end adjustmonts are as follows: - Unexpired insurance at August 31, $1,800
please label charts correctly and make answers clear
The data needod to determine year-end adjustmonts are as follows: - Unexpired insurance at August 31, $1,800 + Supplies on hand at August 31, $300. - Desceciation of buliding for the year, $7,500 - Oepreciation of equipment for the year, $6,000. - Pent unoarned at August 31, 52,250. - Accrued salaries and wages at August 31, 52,175. - Fees earned but unbilled on August 31, \$12,700 Adjusted Trial Balance 12 Salaries and Wages Payable 13 Common Stock 14 Retained Earnings 15 Dividends 16 Fees Earned 17 Rent Revenue 18 Salaries and Wages Expense 19 Utilities Expense 20 Advertising Expense 21 Repairs Expense 22 Depreciation Expense-Building 23 Depreciation Expense-Equipment 24 Insurance Expense 25 Supplies Expense 26 Miscellaneous Expense 27 Totals unadfosind irial butance Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Rovenuo; tnsurance Expense; Depreciation Expense - Building; Deprociation Expense - Equipment; and Supplios Expense. 2. Defermine the balances of the accounts alfectod by the adjusting entries, and prepare an adjusted trial balance Step by Step Solution
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