The Adjusting Process PR 3-5A Adjusting entries and adjusted trial balances OBJ. 2, 3, 4 Rowland Company is a small editorial services company owned and operated by Marlene Rowland. On August 31, 2016, the end of the current year, Rowland Company's account ing clerk prepared the following unadjusted trial balance: Rowland Company Unadjusted Trial Balance August 31, 2016 Debit Credit Balances Balances Cash... 7,500 Accounts Receivable..... 38,400 Prepaid Insurance...... 7,200 Supplies. 1,980 Land.. 112,500 Building ........ 150,250 Accumulated Depreciation-Building.. 87,550 Equipment... 135,300 Accumulated Depreciation-Equipment.. 97,950 Accounts Payable ... 12,150 Unearned Rent.... 6.750 Common Stock ..... 75,000 Retained Earnings 146,000 Dividends .... 15,000 Fees Earned...... 324,600 Salaries and Wages Expense... 193,370 Utilities Expense .............. 42,375 Advertising Expense............. 22,800 Repairs Expense....... 17.250 Miscellaneous Expense...... 6,075 750,000 750,000 The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at August 31, $6,000. b. Supplies on hand at August 31, $480. c. Depreciation of building for the year, $7,500. d. Depreciation of equipment for the year, $4,150. e. Rent unearned at August 31, $1,550. 1. Accrued salaries and wages at August 31, $3,200. g. Fees earned but unbilled on August 31, $11,330. Instructions 1. Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable: Rent Revenue: Insurance Expense; Depreciation Expense Buildings Depreciation Expense-Equipment; and Supplies Expense. 2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance