Sears Editing Company UNADJUSTED TRIAL BALANCE January 31, 20Y1 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,755.00 2 Accounts Receivable 38,655.00 3 Prepaid Insurance 7,380.00 4 Supplies 2,065.00 5 Land 111,050.00 6 Building 153,300.00 7 Accumulated Depreciation-Building 86,065.00 8 Equipment 140,000.00 9 Accumulated Depreciation-Equipment 97,335.00 10 Accounts Payable 12,090.00 11 Unearned Rent 6,385.00 12 Common Stock 75,410.00 13 Retained Earnings 155,595.00 14 Dividends 14,910.00 15 Fees Earned 327,650.00 16 Salaries and Wages Expense 197,220.00 17 Utilities Expense 42,205.00 18 Advertising Expense 22,795.00 19 Repairs Expense 16,910.00 20 Miscellaneous Expense 6,285.00 21 Totals 760,530.00 760,530.00 The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at January 31, $6,015. b. Supplies on hand at January 31, $400. c. Depreciation of building for the year, $7,740. d. Depreciation of equipment for the year, $3,835. e. Rent unearned at January 31, $1,625. f. Accrued salaries and wages at January 31, $2,720. g. Fees earned but unbilled on January 31, $11,520. CHART OF ACCOUNTS Sears Editing Company General Ledger ASSETS REVENUE 11 Cash 41 Fees Earned 12 Accounts Receivable 42 Rent Revenue 13 Prepaid Insurance 14 Supplies EXPENSES 15 Land 51 Salaries and Wages Expense 16 Building 52 Utilities Expense 17 Accumulated Depreciation-Building 53 Advertising Expense 54 Repairs Expense 18 Equipment 19 Accumulated Depreciation-Equipment 55 Depreciation Expense-Building 56 Depreciation Expense-Equipment LIABILITIES 57 Insurance Expense 21 Accounts Payable 58 Supplies Expense 59 Miscellaneous Expense 22 Unearned Rent 23 Salaries and Wages Payable 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable; Rent Revenue; Insurance Expense; Deprecia Building; Depreciation Expense-Equipment, and Supplies Expense. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL DATE DESCRIPTION POST. REF. ACCOUNT ASSETS LIA DEBIT CREDIT 1 Adjusting Entries 2 3 4 5 6 7 8 9 10 11 12 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 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