Please help me 156Chapter 3 The Adjusting ProcessContinuing Problem3. Total of Debitcolumn: $42.340The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 shouldappear as follows:Cash.Accounts Receivable.Supplies.Prepaid Insurance.Office Equipment.Accounts Payable.Unearned RevenuePeyton Smith, Capital.Peyton Smith, Drawing.Fees Earned.Wages Expense...Office Rent Expense.Equipment Rent Expense.Utilities Expense..Music Expense...Advertising Expense...Supplies Expense.Miscellaneous Expense..PS MusicUnadjusted Trial BalanceJuly 31, 2019AccountNo.111214151722 Wages Payable57 Insurance Expense21233132415051525354555659DebitBalances9,9452,7501,0202,7007,5001,750CreditBalances2,8002.5501,3751,2153,6101,5001801.85540,7508,3507,2009,00016.200The data needed to determine adjustments are as follows:• During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hoursFor information on the amount of the accrued revenue to be billed to KXMD, see thecontract described in the July 3 transaction at the end of Chapter 2.40.750• Supplies on hand at July 31, $275.• The balance of the prepaid insurance account relates to the July 1 transaction inChapter 2Depreciation of the office equipment is $50.The balance of the unearned revenue account relates to the contract between PS Musicand KXMD, described in the July 3 transaction in Chapter 2.• Accrued wages as of July 31 were $140.Instructions1. Prepare adjusting journal entries. You will need the following additional accounts:18 Accumulated Depreciation Office Equipment58 Depreciation Expense2. Post the adjusting entries, inserting balances in the accounts affected.3. Prepare an adjusted trial balance.

Trial balance refers to the financial document which reflects the end balances of all the ledger…

ash. accounts Receivable. supplies.. repaid Insurance. Office Equipment.. Accounts Payable.. Unearned Revenue.. Peyton Smith, Capital.. Peyton Smith, Drawing. Fors Earned. July Account No. 11 12 14 15 17 21 23 31 32 41 50 51 Debit Credit Balances Balances 9,945 2.750 1,020 2,700 7,500 1,750 2,800 2.550 8,350 7,200 9,000 16,200