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, 20Y9 Reece Financial Services Co Unadjusted Trial Balance July 31, 20Y9 Debit Balances Credit Balances Cash 4,330 Accounts Receivable 39,260 Prepaid Insurance 7,320 Supplies 2,000 Land 115,450 Building 208,230 Accumulated DepreciationBuilding 141,070 Equipment 138,740 Accumulated DepreciationEquipment 100,480 Accounts Payable 12,310 Unearned Rent 6,990 Common Stock 80,000 Retained Earnings 146,200 Dividends 15,300 Fees Earned 332,710 Salaries and Wages Expense 198,300 Utilities Expense 43,590 Advertising Expense 23,290 Repairs Expense 17,630 Miscellaneous Expense 6,320 819,760 819,760 The data needed to determine year end adjustments are as follows Depreciation of building for the year, $3,240 Depreciation of equipment for the year, $2,810 Accrued salaries and wages at July 31, $3,170 Unexpired insurance at July 31, $4,900 Fees earned but unbilled on July 31, $18,630 Supplies on hand at July 31, $600 Rent unearned at July 31, $1,820 Required 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 If an amount box does not require an entry, leave it blank July 31 fill in the blank 638478fdc01d04e 2 fill in the blank 638478fdc01d04e 3 fill in the blank 638478fdc01d04e 5 fill in the blank 638478fdc01d04e 6 31 fill in the blank 638478fdc01d04e 8 fill in the blank 638478fdc01d04e 9 fill in the blank 638478fdc01d04e 11 fill in the blank 638478fdc01d04e 12 31 fill in the blank 638478fdc01d04e 14 fill in the blank 638478fdc01d04e 15 fill in the blank 638478fdc01d04e 17 fill in the blank 638478fdc01d04e 18 31 fill in the blank 638478fdc01d04e 20 fill in the blank 638478fdc01d04e 21 fill in the blank 638478fdc01d04e 23 fill in the blank 638478fdc01d04e 24 31 fill in the blank 638478fdc01d04e 26 fill in the blank 638478fdc01d04e 27 fill in the blank 638478fdc01d04e 29 fill in the blank 638478fdc01d04e 30 31 fill in the blank 638478fdc01d04e 32 fill in the blank 638478fdc01d04e 33 fill in the blank 638478fdc01d04e 35 fill in the blank 638478fdc01d04e 36 31 fill in the blank 638478fdc01d04e 38 fill in the blank 638478fdc01d04e 39 fill in the blank 638478fdc01d04e 41 fill in the blank 638478fdc01d04e 42 2 Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance If an amount box does not require an entry, leave it blank Reece Financial Services Co Adjusted Trial Balance July 31, 20Y9 Debit Balances Credit Balances fill in the blank 827832fd2fc0fff 2 fill in the blank 827832fd2fc0fff 3 fill in the blank 827832fd2fc0fff 5 fill in the blank 827832fd2fc0fff 6 fill in the blank 827832fd2fc0fff 8 fill in the blank 827832fd2fc0fff 9 fill in the blank 827832fd2fc0fff 11 fill in the blank 827832fd2fc0fff 12 fill in the blank 827832fd2fc0fff 14 fill in the blank 827832fd2fc0fff 15 fill in the blank 827832fd2fc0fff 17 fill in the blank 827832fd2fc0fff 18 fill in the blank 827832fd2fc0fff 20 fill in the blank 827832fd2fc0fff 21 fill in the blank 827832fd2fc0fff 23 fill in the blank 827832fd2fc0fff 24 fill in the blank 827832fd2fc0fff 26 fill in the blank 827832fd2fc0fff 27 fill in the blank 827832fd2fc0fff 29 fill in the blank 827832fd2fc0fff 30 fill in the blank 827832fd2fc0fff 32 fill in the blank 827832fd2fc0fff 33 fill in the blank 827832fd2fc0fff 35 fill in the blank 827832fd2fc0fff 36 fill in the blank 827832fd2fc0fff 38 fill in the blank 827832fd2fc0fff 39 fill in the blank 827832fd2fc0fff 41 fill in the blank 827832fd2fc0fff 42 fill in the blank 827832fd2fc0fff 44 fill in the blank 827832fd2fc0fff 45 fill in the blank 827832fd2fc0fff 47 fill in the blank 827832fd2fc0fff 48 fill in the blank 827832fd2fc0fff 50 fill in the blank 827832fd2fc0fff 51 fill in the blank 827832fd2fc0fff 53 fill in the blank 827832fd2fc0fff 54 fill in the blank 827832fd2fc0fff 56 fill in the blank 827832fd2fc0fff 57 fill in the blank 827832fd2fc0fff 59 fill in the blank 827832fd2fc0fff 60 fill in the blank 827832fd2fc0fff 62 fill in the blank 827832fd2fc0fff 63 fill in the blank 827832fd2fc0fff 65 fill in the blank 827832fd2fc0fff 66 fill in the blank 827832fd2fc0fff 68 fill in the blank 827832fd2fc0fff 69 fill in the blank 827832fd2fc0fff 71 fill in the blank 827832fd2fc0fff 72 fill in the blank 827832fd2fc0fff 74 fill in the blank 827832fd2fc0fff 75 fill in the blank 827832fd2fc0fff 77 fill in the blank 827832fd2fc0fff 78 Totals fill in the blank 827832fd2fc0fff 79 fill in the blank 827832fd2fc0fff 80

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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

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, 20Y9:

Reece Financial Services Co.
Unadjusted Trial Balance
July 31, 20Y9
	Debit Balances	Credit Balances
Cash	4,330
Accounts Receivable	39,260
Prepaid Insurance	7,320
Supplies	2,000
Land	115,450
Building	208,230
Accumulated DepreciationBuilding		141,070
Equipment	138,740
Accumulated DepreciationEquipment		100,480
Accounts Payable		12,310
Unearned Rent		6,990
Common Stock		80,000
Retained Earnings		146,200
Dividends	15,300
Fees Earned		332,710
Salaries and Wages Expense	198,300
Utilities Expense	43,590
Advertising Expense	23,290
Repairs Expense	17,630
Miscellaneous Expense	6,320
	819,760	819,760

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

Depreciation of building for the year, $3,240.
Depreciation of equipment for the year, $2,810.
Accrued salaries and wages at July 31, $3,170.
Unexpired insurance at July 31, $4,900.
Fees earned but unbilled on July 31, $18,630.
Supplies on hand at July 31, $600.
Rent unearned at July 31, $1,820.

Required:

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. If an amount box does not require an entry, leave it blank.

July 31	fill in the blank 638478fdc01d04e_2	fill in the blank 638478fdc01d04e_3
	fill in the blank 638478fdc01d04e_5	fill in the blank 638478fdc01d04e_6
31	fill in the blank 638478fdc01d04e_8	fill in the blank 638478fdc01d04e_9
	fill in the blank 638478fdc01d04e_11	fill in the blank 638478fdc01d04e_12
31	fill in the blank 638478fdc01d04e_14	fill in the blank 638478fdc01d04e_15
	fill in the blank 638478fdc01d04e_17	fill in the blank 638478fdc01d04e_18
31	fill in the blank 638478fdc01d04e_20	fill in the blank 638478fdc01d04e_21
	fill in the blank 638478fdc01d04e_23	fill in the blank 638478fdc01d04e_24
31	fill in the blank 638478fdc01d04e_26	fill in the blank 638478fdc01d04e_27
	fill in the blank 638478fdc01d04e_29	fill in the blank 638478fdc01d04e_30
31	fill in the blank 638478fdc01d04e_32	fill in the blank 638478fdc01d04e_33
	fill in the blank 638478fdc01d04e_35	fill in the blank 638478fdc01d04e_36
31	fill in the blank 638478fdc01d04e_38	fill in the blank 638478fdc01d04e_39
	fill in the blank 638478fdc01d04e_41	fill in the blank 638478fdc01d04e_42

2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. If an amount box does not require an entry, leave it blank.

Reece Financial Services Co.
Adjusted Trial Balance
July 31, 20Y9
	Debit Balances	Credit Balances
	fill in the blank 827832fd2fc0fff_2	fill in the blank 827832fd2fc0fff_3
	fill in the blank 827832fd2fc0fff_5	fill in the blank 827832fd2fc0fff_6
	fill in the blank 827832fd2fc0fff_8	fill in the blank 827832fd2fc0fff_9
	fill in the blank 827832fd2fc0fff_11	fill in the blank 827832fd2fc0fff_12
	fill in the blank 827832fd2fc0fff_14	fill in the blank 827832fd2fc0fff_15
	fill in the blank 827832fd2fc0fff_17	fill in the blank 827832fd2fc0fff_18
	fill in the blank 827832fd2fc0fff_20	fill in the blank 827832fd2fc0fff_21
	fill in the blank 827832fd2fc0fff_23	fill in the blank 827832fd2fc0fff_24
	fill in the blank 827832fd2fc0fff_26	fill in the blank 827832fd2fc0fff_27
	fill in the blank 827832fd2fc0fff_29	fill in the blank 827832fd2fc0fff_30
	fill in the blank 827832fd2fc0fff_32	fill in the blank 827832fd2fc0fff_33
	fill in the blank 827832fd2fc0fff_35	fill in the blank 827832fd2fc0fff_36
	fill in the blank 827832fd2fc0fff_38	fill in the blank 827832fd2fc0fff_39
	fill in the blank 827832fd2fc0fff_41	fill in the blank 827832fd2fc0fff_42
	fill in the blank 827832fd2fc0fff_44	fill in the blank 827832fd2fc0fff_45
	fill in the blank 827832fd2fc0fff_47	fill in the blank 827832fd2fc0fff_48
	fill in the blank 827832fd2fc0fff_50	fill in the blank 827832fd2fc0fff_51
	fill in the blank 827832fd2fc0fff_53	fill in the blank 827832fd2fc0fff_54
	fill in the blank 827832fd2fc0fff_56	fill in the blank 827832fd2fc0fff_57
	fill in the blank 827832fd2fc0fff_59	fill in the blank 827832fd2fc0fff_60
	fill in the blank 827832fd2fc0fff_62	fill in the blank 827832fd2fc0fff_63
	fill in the blank 827832fd2fc0fff_65	fill in the blank 827832fd2fc0fff_66
	fill in the blank 827832fd2fc0fff_68	fill in the blank 827832fd2fc0fff_69
	fill in the blank 827832fd2fc0fff_71	fill in the blank 827832fd2fc0fff_72
	fill in the blank 827832fd2fc0fff_74	fill in the blank 827832fd2fc0fff_75
	fill in the blank 827832fd2fc0fff_77	fill in the blank 827832fd2fc0fff_78
Totals	fill in the blank 827832fd2fc0fff_79	fill in the blank 827832fd2fc0fff_80