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Emerson Company is a small editorial services company owned and operated by Suzanne Emerson. Emerson Company

UNADJUSTED TRIAL BALANCE

October 31, 20Y6

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,135.00
2	Accounts Receivable	37,950.00
3	Prepaid Insurance	7,045.00
4	Supplies	1,895.00
5	Land	116,150.00
6	Building	148,750.00
7	Accumulated Depreciation-Building		88,280.00
8	Equipment	133,800.00
9	Accumulated Depreciation-Equipment		97,280.00
10	Accounts Payable		12,145.00
11	Unearned Rent		6,970.00
12	Suzanne Emerson, Capital		222,685.00
13	Suzanne Emerson, Drawing	15,300.00
14	Fees Earned		320,650.00
15	Salaries and Wages Expense	190,770.00
16	Utilities Expense	42,730.00
17	Advertising Expense	22,595.00
18	Repairs Expense	17,420.00
19	Miscellaneous Expense	6,470.00
20	Totals	748,010.00	748,010.00

The data needed to determine year-end adjustments are as follows:

a.	Unexpired insurance at October 31, $6,080.
b.	Supplies on hand at October 31, $470.
c.	Depreciation of building for the year, $7,245.
d.	Depreciation of equipment for the year, $4,140.
e.	Unearned rent at October 31, $1,200.
f.	Accrued salaries and wages at October 31, $3,550.
g.	Fees earned but unbilled on October 31, $11,125.

	Required:
1.	Journalize the adjusting entries using the following additional accounts: Salaries and Wages Payable, Rent Revenue, Insurance Expense, Depreciation ExpenseBuilding, Depreciation ExpenseEquipment and Supplies Expense.
2.	Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance.

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