InstructionsJournalShaded cells have feedback. XChart of AccountsEmerson CompanyEmerson CompanyGeneral LedgerUNADJUSTED TRIAL BALANCEHow does grading work?PAGE 10October 31, 20Y6ASSETSREVENUEJOURNALScore: 113/176ACCOUNT TITLEDEBITCREDIT11 Cash41 Fees EarnedACCOUNTING FOUATIONCash7565.00DATEDESCRIPTIONDEBITCREDITASSETSJABLITIESEQUITY12 Accounts Receivable42 Rent Revenue2 Accounts Receivable38,860.00Adjusting Entries13 Prepaid Insurance3 Prepaid Insurance7,310.00Oct. 31Insurance Expense14 SuppliesEXPENSES4 SuppliesPrepaid Insurance51 Salaries and Wages2,435.0015 LandExpense5 Land117,450.00Oct 31 Supplies Expense16 Building6 BuildingSupplies17 Accumulated Depreciation-52 Utilities Expense153,100.00Building53 Advertising ExpenseAccumulated Depreciation-Building87,230.00Oct 31 Depreciation Expense-Building18 Equipment54 Repairs Expense8 Equipment137,150,00Accumulated Depreciation-Building19 Accumulated Depreciation-55 Depreciation Expense-9 Accumulated Depreciation-Equipment99,160.00Oct 31 Depreciation Expense-EquipmentBuildingEquipment10 Accounts PayableAccumulated Depreciation-Equipment12,005.00956 Depreciation Expense-11 Unearned Rent6,425.0010Oct 31Unearned RentLIABILITIESEquipment12 Suzanne Emerson, Capital231,485.0011Rent Revenue21 Accounts Payable57 Insurance Expense22 Unearned Rent58 Supplies Expense13 Suzanne Emerson, DrawingOct 31 Salaries and Wages Expense1214,500.0023 Salaries and Wages Payable59 Miscellaneous Expense14 Fees Earned327,050.00Salaries and Wages Payable1315 Salarjes and Wages Expense196,570.0014Oct 31Accounts ReceivableEQUITY16 Utilities Expense42,485.0015Fees Earned31 Suzanne Emerson, Capital17 Advertising Expense22,730.0032 Suzanne Emerson, Drawing18 Repairs Expense17,280.0022.47 / 35Points:19 Miscellaneous Expense5,920.0020 Totals763,355.00763,355.00The data needed to determine year-end adjustments are as follows:a. Unexpired insurance at October 31, $5,985.b. Supplies on hand at October 31, $470.c. Depreciation of building for the year, $7,900d. Depreciation of equipment for the year, $4,590.e. Unearned rent at October 31, $1,560,f. Accrued salaries and wages at October 31, S3,085.g. Fees earned but unbilled on October 31, S11,010.

The adjustment entries are prepared to adjust the revenue and expenses of the current period.

Fees Eamed elsanne (meron, Capital Acumsaned Depreciution Bulding Enerson Company General Ledger UNADJUSTED TRIAL BALANCE tHow dees sradin9.erkt October 31, 2OY6 PAE 10 ASSETS REVENUE JOURNAL Score: 113/176 ACCOUNT TLE DEDT CREDT 11 Cash 41 Fees Earned 1Cash 7565 00 DATE DESCnON POST, RER DEST CREDT ASSETS UABUTES QUTY 42 Rent Revenue 12 Accounts Recevable 2 Accounts Receivable 38,860 00 Adusting Ertries 13 Prepaid insurance Prepaid insurance 7310.00 Oct 31 Insurance Expense EXPENSES 14 Supples Supplies 2,415.00 Prepaid insurance 15 Land 51 Salaries and Wages Land 117450 00 Oct. 31 Supplies Expense 16 Bulding Expense 17 Accumulated Depreciation- 52 Utities Expense Building 153,100.00 Supplies Bulding 53 Advertising Expense Acumstaned Depreciution Building 87,250.00 Oct 31 Depreciation Experse Bulding S4 Repairs Expense 18 Equipment Egipment 137150 D0 Accumulated Depreciation-Building 55 Depreciation Expense- Accumulated Depreciation Acumtated Depreciation Equipment 99,160.00 Oct. 31 Depreciation Experse Equipment Building Equipment Accumulated Depreciation-Equipment Accounts Payable ulneamed Rert 12,005.00 56 Depreciation Expense- Oct. 31 Unearned Rent LIABILITIES Equipment unemed Rent 6,425.00 10 Rent Revenue 21 Accounts Payable 57 nsurance Expense 251,485.00 22 Unearned Rent S8 Supples Expense Suzanne Emerson, Dawing 14,500.00 Oct. 31 Salaries and Wages Expense 23 Salaries and Wages Payable 59 Miscelaneous Expense Fees Earned 327,050.00 Salaries and Wages Payable 5 Salaries and Wages Expense 14 Oct 31 Accounts Recevable 196,570.00 EQUITY Utities Expense 42,485.00 15 Fees Eamed 31 Suzanne Emerson, Capital Advertising Experme 22730.00 32 Suzanne Emerson, Drawing Repalis Expense 17200.00 Points: 2247/ 35 Mscellaneous Expense 5,920 00 20 Totats 763,355.00 763,355.00 The data needed to determine year-end adjustments are as folows: a. Unexpired insurance at October 31, $5,985 b. Supplies on hand at October 31, $470. c. Depreciation of bulding for the vear $7.900. d. Depreciation of equipment for the year, 54,590. e. Unearned rent at October 31, $1,560. 1. Accrued salaries and wages at October 31, $3,085. g. Fees earned but unbiled on October 31. $11.010