PR 3-5B Adjusting entries and adjusted trial balances OBJ. 2, 3, 4, 5, 6 2. Total of Debit Reece Financial Services Co., which specializes in appliance repair services, is owned and column: $420,300 operated by Joni Reece. Reece Financial Services' accounting clerk prepared the following unadjusted trial balance at July 31, 2019: Reece Financial Services Co. Excel Unadjusted Trial Balance July 31, 2019 Debit Credit Balances Balances General Ledger Cash ......... 10,200 Accounts Receivable. . . . . 34,750 Prepaid Insurance . . 6,000 Supplies 1,725 Land . .. 50,000 Building . .... 155,750 Accumulated Depreciation-Building. . . . 62,850 Equipment. . ..... 45,000 Accumulated Depreciation-Equipment 17,650 Accounts Payable . ... 3,750 Unearned Rent ... 3,600 Joni Reece, Capital . 153,550 Joni Reece, Drawing 8,000 Fees Earned. . ... 158,600 Salaries and Wages Expense. . . .. . .. . 56,850 Utilities Expense . . . .. . 14, 100 Advertising Expense 7,500 Repairs Expense . . . . . 6,100 Miscellaneous Expense . 4,025 400,000 400,000The 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 51, $900. - Unexpired insurance at July 51, $1,500. Fees earned but unbilled on July 51, $10,200. Supplies on hand at July 51, $615. Rent unearned at July 51, $500. 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 Expense. 2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance