X Instructions Pitman Company is a small editorial services company owned and operated by Jan Pitman. On October 31, 2019 the end of the current year, Pitman Company's accounting clerk prepared the following unadjusted trial balance Pitman Company UNADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,500.00 2 Accounts Receivable 38.400.00 7,200.00 5 Prepaid Insurance 4 Supplies 1.980.00 5 Land 112.500.00 300.250.00 6 Building 7 Accumulated Depreciation-Building 87.550.00 155,300.00 B Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable 97950.00 17.50.00 11 Unearned Rent 6.750.00 62.000.00 12 Jan Pitman, Capital 15 Jan Pitman. Drawing 15,000.00 14 Fees Earned 132,500.00 Instructions October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 7,500.00 2 Accounts Receivable 38,400.00 3 Prepaid Insurance * Supplies 7.200.00 1.980.00 5 Land 112,500.00 300.250.00 87.550.00 6 Building 7 Accumulated Depreciation Building Equipment 9 Accumulated Depreciation Equipment 10 Accounts Payable 135,300.00 97,950.00 12.150.00 11 Uneamed Rent 6.750.00 22 Jan Pitman, Capital 13 Jan Pitman, Drawing 371.000.00 15,000.00 14 Fees Earned 324,600.00 15 Salaries and Wages Expense 16 Utilities Expense 193,370.00 42,375.00 22,800.00 17 Advertising Expense 15 Repairs Expense 19 Miscellaneous Expense 17.250.00 6,075.00 30 Totals 900,000.00 900,000.00 Check My Work The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at October 31, $600. b. Supplies on hand at October 31, $675. c. Depreciation of building for the year, $12,000 d. Depreciation of equipment for the year, $8,600. e. Unearned rent at October 31, $2,250, 1. Accrued salaries and wages at October 31, $2,800 9. Fees earned but unbilled on October 31, $10,050. 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 Journal PAGE 10 JOURNAL DATE DESCRIPTION POSTER DERIT CREDIT ACCOUNTINGELATION ASSETS LIABILITIES COUNTY 1 Adjusting Entries 1 1 1 10 11 14 Adjusted Trial Balance ADJUSTED TRIAL BALANCE October 31, 2019 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance Supplies 5 Land 6 Building 7 Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment 10 Accounts Payable 11 Uneamed Rent 12 Salaries and Wages Payable 15 Jan Pitman, Capital 14 Jan Pitman, Drawing 15 Fees Earned 16 Rent Revenue 1 Salaries and Wages Expense 11 Utilities Expense 19 Advertising Expense