y en Grosing entries [45-60 min The unadjusted trial balance and adjustment data of Jones Real Estate Appraisa Company at June 30, 2011, follow: JONES REAL ESTATE APPRAISAL COMPANY Unadjusted Trial Balance June 30, 2011 Account Tide Debit Credit Cash 4,100 Accounts receivable 3,900 Supplies 4,000 Prepaid insurance 1,700 Building 73,800 Accumulated depreciation $ 18,100 Land 14,500 Accounts payable 19,300 Interest payable 8,300 Salary payable 600 J-Jones, Capital 32,900 J. Jones, Withdrawals 26,500 Service revenue 99,000 Salary expense 33,700 Depreciation expense 0 Insurance expense 5,500 Utilities expense 3,600 Supplies expense 6.900 Total $ 178,200 $ 178,200 Adjustment data at June 30, 2011: a. Prepaid insurance expired, $500 b. Accrued service revenue, $1,500 c. Accrued salary expense, $1,200 d. Depreciation for the year, $8,300 e. Supplies used during the year, $700 ment Requirements 1. Open T-accounts for Capital and all the accounts that follow on the trial bal ance. Insert their unadjusted balances. Also open a T-account for Income sum- mary, which has a zero balance. 2. Journalize the adjusting entries and post to the accounts that you opened. Show the balance of each revenue account and each expense account. 3. Journalize the closing entries and post to the accounts that you opened. Draw double underlines under each account balance that you close to zero. Compute the ending balance of Capital. 4. Item Cash Account Receivable Supplies Prepaid Insurance Building Accumulated Deperciation Land Accounts Payable Interst Payable Salary Payable Jones Capital J.Jones Withdrawals Service Revenue Salary Expense Depreciation Expense Insurance Expense Utilities Expense Supplies Expense Trial Balance Dr. Cr. 4,100 3.900 4,000 1,700 73,800 14,500 26,500 33,700 6,500 3,600 6.900 178,200 178,200 18,100 19,300 8,300 600 32,900 99,000 Adjustments Dr. Cr. Adjusted Trial Balance Cr. Dr. Balance Sheet Income Statement Expense Revenues Assets biles Equity