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:

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.

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.

Adjusting Entries and Adjusted Trial Balances 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, 2019: Reece Financial Services Co. Unadjusted Trial Balance July 31, 2049 Debit Balances Credit Balances Cash 3,610 Accounts Receivable 32,790 Prepaid Insurance 6,110 Supplies 1,670 Land 96,410 173,880 Building Accumulated Depreciation-Building 117,800 Equipment 115,860 Accumulated Depreciation Equipment 83,910 10,280 Accounts Payable Unearned Rent 5.830 Common Stock 80,000 Retained Earnings 108,900 Dividends 12,780 Fees Earned 277,840 Salaries and Wages Expense 165,590 Utilities Expense 36,400 Advertising Expense 19,450 Repairs Expense 14,730 Miscellaneous Expense 5,280 684,560 684,560 The data needed to determine year-end adjustments are as follows: Depreciation of building for the year, $2,710. Depreciation of equipment for the year, $2,350. Accrued salaries and wages at July 31, $2,650. Unexpired insurance at July 31, $4,090. Fees earned but unbilled on July 31, $15,560. Supplies on hand at July 31, $500. Rent unearned at July 31, $1,520. Required: 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Depreciation Expense-Building; Depreciation Expense-Equipment; and Supplies Expense. If an amount box does not require an entry, leave it blank. July 31 31 31 31 II II II II II II II II II II II II II II 31 31 31 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, 2019 July 31, 2049 Debit Balances Credit Balances > Totals