PR $3-5$B Adjusting entries and adjusted trial balances

Obj. $2,3,4,5,6$ Reece Financial Services Co$.,$ which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services' accounting clerk prepared the following unadjusted trial balance at July $31,2018$ :

Reece Financial Services Co$.$

Unadjusted Trial Balance

July $31,2018$

$\backslash$table$[[,\backslash$table$[[$Debit$],[$Balances$]],\backslash$table$[[$Credit$],[$Balances$]]],[$Cash $................,10,200,],[$Accounts Receivable. $.,34,750,],[$Prepaid Insurance....,$6,000,],[$Supplies $.........,1\mathrm{.}725,],[,50,000,],[,155,750,],[$Accumulated Depreciation $-$ Building. $.........................,,62,850],[,45,000,],[,,17,650],[$Accounts Payable $.........................................,,3,750],[,,3,600],[$Common Stock $....................................,,60,000],[,,93,550],[$Dividends $...............................,8,000,],[,,158,600],[$Salaries and Wages Expense. $............................,56,850,],[,14,100,],[,7,500,],[$Repairs Expense. $.......................................,6,100,],[$Miscellaneous Expense $..................................,4,025,],[400,000,400,000]]$

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

Depreciation of building for the year, $$6,400.$

Depreciation of equipment for the year, $$2,800.$

Accrued salaries and wages at July $31,$$$900.$

Unexpired insurance at July $31,$$$1,500.$

Fees earned but unbilled on July $31,$$$10,200.$

Supplies on hand at July $31,$$$615.$

Rent unearned at July $31,$$$300.$