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PR $3-5$B Adjusting entries and adjusted trial balances

Obj. $2,3,4,5,6$ Reece Financial Services Co$.,$ which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services' accounting clerk prepared the following unadjusted trial balance at July $31,2018$ :

Reece Financial Services Co$.$

Unadjusted Trial Balance

July $31,2018$

$\backslash$table$[[,\backslash$table$[[$Debit$],[$Balances$]],\backslash$table$[[$Credit$],[$Balances$]]],[$Cash$,10,200,],[$Accounts Receivable. $.,34,750,],[.................................,6,000,],[,1,725,],[,50,000,],[,155,750,62,850],[$Equipment$...................................................,45,000,],[\backslash$table$[[$Accumulated Depreciation $-$ Equipment $..........................................................],[$Accounts Payable $.....]],,\backslash$table$[[17,650],[3750]]],[$ounts Payable $.............................................................................,,\backslash$table$[[3,750],[3,600]]],[,,\backslash$table$[[3,600],[60,000]]],[$Retained Earnings $..........................................,,93,550],[...............................,8,000,],[$Fees Earned. $..............................................,,158,600],[$Salaries and Wages Expense. $................................,56,850,],[$Utilities Expense $.............................................,14,100,],[,7,500,],[,6,100,],[$Miscellaneous Expense $..............................................,4,025,],[400,000,400,000]]$

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

Depreciation of building for the year, $$6,400.$

Depreciation of equipment for the year, $$2,800.$

Accrued salaries and wages at July $31,$$$900.$

Unexpired insurance at July $31,$$$1,500.$

Fees earned but unbilled on July $31,$$$10,200.$

Supplies on hand at July $31,$$$615.$

Rent unearned at July $31,$ $$300.$

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