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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

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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 unadjusted trial balance at July 31, 2019: Reece Financial Services Co. Unadjusted Trial Balance July 31, 2019 Credit Balances Debit Balances 3,690 33,480 6,240 1,700 98,450 177,570 120,290 118,310 Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Common Stock Retained Earnings Dividends Fees Earned Salaries and Wages Expense Utilities Expense Advertising Expense Repairs Expense Miscellaneous Expense 85,680 10,500 5,960 80,000 112,900 13,050 283,710 169,090 37,170 19,860 15,040 5,390 699,040 699,040 The data needed to determine year-end adjustments are as follows: Depreciation of building for the year, $2,770. Depreciation of equipment for the year, $2,400. Accrued salaries and wages at July 31, $2,710. Unexpired insurance at July 31, $4,180. Fees earned but unbilled on July 31, $15,890. Supplies on hand at July 31, $510. Rent unearned at July 31, $1,550. 2770 Depreciation Expense-Building Accumulated Depreciation-Building 2770 2400 Depreciation Expense-Equipment Accumulated Depreciation Equipment 2400 2710 Salaries and Wages Expense Salaries and Wages Payable 2710 2060 Insurance Expense Prepaid Insurance 2060 15890 Accounts Receivable Fees Earned 15890 1190 Supplies Expense Supplies 1190 4410 Unearned Rent Rent Revenu 4410 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, 2049 Need these Answers Credit Debit Balances Balances Cash Accounts Receivable Prepaid Insurance Supplies Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Equipment Accounts Payable Unearned Rent Salaries and Wages Payable Common Stock Retained Earnings Dividends Fees Earned Rent Revenue Salaries and Wages Expense Utilities Expense Advertising Expense Depreciation Expense-Building Repairs Expense Insurance Expense Depreciation Expense-Equipment Supplies Expense Miscellaneous Expense Totals

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