SHOW ME HOW EX 3-16 Adjusting entries for unearned and accrued fees Obj. 2, The balance in the unearned fees account, before adjustment at the end of the year, is $97,770 Of these fees, $39.750 have been earned. In addition, $24,650 of fees have been earned but have not been billed. Journalize the adjusting entries (a) to adjust the unearned fees account and (b) to record the accrued fees. SHOW ME HOW EX 3-18 Adjustment for depreciation Obj. 4 The estimated amount of depreciation on equipment for the current year is $8,200. Journalize the adjusting entry to record the depreciation EX 3-19 Determining fixed asset's book value Obj, 4 The balance in the equipment account is $3,150,000, and the balance in the accumulated depreciation-equipment account is $2,075,000 SHOW MEW EX 3-26 Adjusting entries from trial balances Obj. 6 The unadjusted and adjusted trial balances for American Leaf Company on October 31, 202, follow: SHOW ME NOW Chapter 3 The Adjusting Process 14 Adjusted Debit Credit Balances Balances 16 44 10 8 26 40 American Leaf Company Trial Balances October 31, 2012 Unadjusted Debit Credit Balances Balances Cash 16 Accounts Receivable. 38 Supplies 12 Prepaid Insurance 20 Land 26 Equipment 40 Accumulated Depreciation Equipment 8 Accounts Payable 26 Wages Payable. 0 Common Stock 20 Retained Earnings 72 Dividends B Fees Earned. 74 Wages Expense 24 Rent Expense 8 Insurance Expense 0 Utilities Expense 4 Depreciation Expense Supplies Expense. Miscellaneous Expense 200 200 12 26 2 20 72 8 80 26 8 12 4 212 212 Journalize the five entries that adjusted the accounts at October 31, 2012. None of the account were affected by more than one adjusting entry