Tan Edding Conwy a small services company owned and operated by De Seas Dr January 21, 2011, he wie of the cent Sears King Cany's sing dad M D Rele Seating Company ADJUSTED TRAL BALAPICE 31, 2011 10 don LO AL A3500 Abeing gene 20 Honda Expe Cre TLA 15300 Instructions Accumulated Depreciation-Building 86,065.00 Equipment 140,000.00 Accumulated Depreciation-Equipment 97,335.00 Accounts Payable 12,090.00 11 Unearned Rent Common Stock 13 Retained Earnings 6,385.00 75,410.00 155,595.00 14 Dividends 14,910.00 Fees Earned 327,650.00 Salaries and Wages Expense 197,220.00 17 Utilities Expense 42,205.00 Advertising Expense 22,795.00 29 Repairs Expense 16,910.00 20 Miscellaneous Expense 6,285.00 2 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. Required: 1. Journalize the adjusting entries using the following additional accounts Salaries and Wages Payable Rent Revenue insurance Expense Depreciation Expence Building Depreciation Expense-Equipment and Supplies Expense Refer to the Chart of Accounts for exact wording of account titles 2 Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance Sears Editing Company UNADJUSTED TRIAL BALANCE January 31, 2011 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,755.00 2 Accounts Receivable 38,655.00 Prepaid Insurance 7,380.00 4 Supplies 2,065.00 Land 111,050.00 Building 153,300.00 7 Accumulated Depreciation-Building 86,065.00 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 13 Retained Earnings 75,410.00 155,595.00 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 Advertising Expense 22,795.00 19 Repairs Expense 16,910.00 20 Miscellaneous Expense 6,285.00 21 Totals 760,530.00 760,550.00 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. 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. Refer to the Chart of Accounts for exact wording of account titles 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance