PR 3-5A Adjusting entries and adjusted trial balances 081.2,3,4,5,6 Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. On October 31, 2016, Emerson Company's accounting clerk prepared the unad justed trial balance shown on the next page. The data needed to determine year-end adjustments are as follows: Unexpired insurance at October 31, $550. Supplies on hand at October 31, $610. Depreciation of building for the year, $10,920. Depreciation of equipment for the year, $7,830. Unearned rent at October 31, $2,050. Accrued salaries and wages at October 31, $2,550 Fees camned but unbilled on October 31, $9,140. Emerson Company Unadjusted Trial Balance October 31, 2016 Debit Balances Credit Balances Cash 6.820 Accounts Receivable. 34,940 Prepaid Insurance. 6.550 Supplies.... 1,800 Land 102,400 Building 273,200 Accumulated Depreciation-Building. 79,660 Equipment.... 123,110 Accumulated Depreciation-Equipment 89,130 Accounts Payable... 11,060 Unearned Rent... Suzanne Emerson, Capital 6,140 338,000 Suzanne Emerson, Drawing 14,000 Fees Earned... 295,320 Salaries and Wages Expense. 175.950 Utilities Expense.... 38.560 Advertising Expense. 20,750 Repairs Expense. 15,700 Miscellaneous Expense. 5.530 19.310 $19,310 Instructions 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Bent Revenue, Insurance Expense, Depreciation Expense-Budding Depreciation Expense-Equipment, and Supplies Expense 2. Determine the balances of the accomms affected by the adpating entries and prepare an adjusted trial balance