Sears Editing Company is a small editorial services company owned and operated by Deloris Sears. On January 31, 20Y1, the end of the current year, Sears Editing Companys accounting clerk prepared the following unadjusted trial balance:

Sears Editing Company

UNADJUSTED TRIAL BALANCE

January 31, 20Y1

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,710.00
2	Accounts Receivable	37,935.00
3	Prepaid Insurance	7,070.00
4	Supplies	2,125.00
5	Land	108,400.00
6	Building	145,300.00
7	Accumulated Depreciation-Building		85,610.00
8	Equipment	134,800.00
9	Accumulated Depreciation-Equipment		96,100.00
10	Accounts Payable		12,625.00
11	Unearned Rent		6,340.00
12	Common Stock		75,495.00
13	Retained Earnings		144,195.00
14	Dividends	15,120.00
15	Fees Earned		323,700.00
16	Salaries and Wages Expense	196,770.00
17	Utilities Expense	42,265.00
18	Advertising Expense	23,135.00
19	Repairs Expense	17,195.00
20	Miscellaneous Expense	6,240.00
21	Totals	744,065.00	744,065.00

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

a.	Unexpired insurance at January 31, $6,105.
b.	Supplies on hand at January 31, $485.
c.	Depreciation of building for the year, $7,140.
d.	Depreciation of equipment for the year, $4,445.
e.	Rent unearned at January 31, $1,890.
f.	Accrued salaries and wages at January 31, $3,330.
g.	Fees earned but unbilled on January 31, $11,475.

	Required:
2.	Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance.

2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance.

Sears Editing Company

ADJUSTED TRIAL BALANCE

January 31, 20Y1

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash
2	Accounts Receivable
3	Prepaid Insurance
4	Supplies
5	Land
6	Building
7	Accumulated Depreciation-Building
8	Equipment
9	Accumulated Depreciation-Equipment
10	Accounts Payable
11	Unearned Rent
12	Salaries and Wages Payable
13	Common Stock
14	Retained Earnings
15	Dividends
16	Fees Earned
17	Rent Revenue
18	Salaries and Wages Expense
19	Utilities Expense
20	Advertising Expense
21	Repairs Expense
22	Depreciation Expense-Building
23	Depreciation Expense-Equipment
24	Insurance Expense
25	Supplies Expense
26	Miscellaneous Expense
27	Totals