eBook Question Content Area Adjusting Entries and Adjusted Trial Balances Rowland Company is a small editorial services

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Question Content Area
Adjusting Entries and Adjusted Trial Balances
Rowland Company is a small editorial services company owned and
operated by Fran Briggs. On August 31, 2018, the end of the current
year, Rowland Company's accounting clerk prepared the following
unadjusted trial balance:
The data needed to determine year-end adjustments are as
follows:
Required:
Question Content Area
1. Journalize the adjusting entries using the
following additional accounts: Salaries and Wages Payable; Rent
Revenue; Insurance Expense; Depreciation Expense—Building;
Depreciation Expense—Equipment; and Supplies Expense.
Accounts PayableCashInsurance ExpenseInsurance PayablePrepaid
InsuranceInsurance Expense
Accounts PayableCashInsurance ExpenseInsurance PayablePrepaid
InsurancePrepaid ReceivablePrepaid Insurance
Accounts PayableCashSupplies ExpenseSupplies
PayableSuppliesSupplies Expense
Accounts PayableCashSupplies ExpenseSupplies
PayableSuppliesSupplies
Accounts PayableAccumulated Depreciation-BuildingBuilding
ExpenseBuildingDepreciation Expense-BuildingDepreciation
Payable-BuildingDepreciation Expense-Building
Accounts PayableAccumulated Depreciation-BuildingBuilding
ExpenseBuildingDepreciation Expense-BuildingAccumulated
Depreciation-Building
Accounts PayableAccumulated Depreciation-EquipmentDepreciation
Expense-EquipmentDepreciation Payable-EquipmentEquipment
ExpenseEquipmentDepreciation Expense-Equipment
Accounts PayableAccumulated Depreciation-EquipmentDepreciation
Expense-EquipmentEquipment ExpenseEquipmentAccumulated
Depreciation-Equipment
CashPrepaid RentRent ExpenseRent RevenueUnearned
ReceivableUnearned RentUnearned Rent
CashPrepaid RentRent ExpenseRent RevenueUnearned RentRent
Revenue
Accounts PayableCashFees EarnedSalaries and Wages
ExpenseSalaries and Wages PayableSalaries and Wages Expense
Accounts PayableCashFees EarnedSalaries and Wages
ExpenseSalaries and Wages PayableSalaries and Wages Payable
Accounts PayableAccounts ReceivableCashFees EarnedUnearned
FeesAccounts Receivable
Accounts PayableAccounts ReceivableCashFees EarnedFees
PayableUnearned FeesFees Earned
2. Determine the balances of the accounts
affected by the adjusting entries, and prepare an adjusted trial
balance. If an amount box does not require an entry, leave it
blank.
Accumulated Depreciation-BuildingCashFees EarnedRent
RevenueSalaries and Wages PayableSupplies PayableUnearned
RentCash
Accounts PayableAccounts ReceivableMonica Baker, DrawingFees
EarnedInsurance PayableRent RevenueSalaries and Wages
PayableSupplies RevenueAccounts Receivable
Advertising ExpenseAccumulated Depreciation-BuildingFees
PayableInsurance ExpenseInsurance PayableMiscellaneous
ExpensePrepaid InsuranceRent RevenuePrepaid Insurance
Accounts PayableAccumulated Depreciation-BuildingAccumulated
Depreciation-EquipmentFees EarnedRent RevenueSalaries and Wages
PayableSuppliesUnearned RentSupplies
Accounts PayableAccumulated Depreciation-EquipmentFees
EarnedLandSalaries and Wages ReceivableUnearned RentLand
Accounts PayableBuildingFees EarnedFees PayableInsurance
PayableRent RevenueSalaries and Wages PayableSupplies
ExpenseBuilding
Accumulated Depreciation-BuildingDepreciation
Expense-BuildingFees EarnedMiscellaneous ExpenseRepairs
ExpenseUtilities ExpenseAccumulated Depreciation-Building
Accounts PayableEquipmentFees EarnedInsurance PayableRent
RevenueSalaries and Wages PayableSupplies ExpenseUnearned
RentEquipment
Accounts PayableAdvertising ExpenseAccumulated
Depreciation-EquipmentDepreciation Expense-EquipmentFees EarnedRent
RevenueAccumulated Depreciation-Equipment
Accounts PayableAccounts ReceivableAccumulated
Depreciation-BuildingBuildingCashEquipmentFees EarnedLandAccounts
Payable
Accumulated Depreciation-BuildingAccumulated
Depreciation-EquipmentBuildingCashFees EarnedPrepaid InsuranceRent
RevenueUnearned RentUnearned Rent
Advertising ExpenseAccounts ReceivableLandPrepaid InsuranceRent
RevenueSalaries and Wages PayableSuppliesUnearned RentSalaries and
Wages Payable
Common StockFees EarnedLandPrepaid InsuranceRent RevenueSalaries
and Wages PayableSuppliesUnearned RentCommon Stock
Accounts PayableAccounts ReceivableAccumulated
Depreciation-BuildingAccumulated
Depreciation-EquipmentBuildingEquipmentFees EarnedLandRetained
EarningsRetained Earnings
Common StockDividendsFees EarnedRent RevenueDividends
Accounts PayableAccounts ReceivableAccumulated
Depreciation-BuildingBuildingCashFees EarnedPrepaid
InsuranceSalaries and Wages PayableUnearned RentFees Earned
Accumulated Depreciation-EquipmentBuildingEquipmentLandRent
RevenueSalaries and Wages ExpenseSupplies ExpenseUnearned RentRent
Revenue
Common StockRetained EarningsSalaries and Wages ExpenseSalaries
and Wages PayableSalaries and Wages Expense
Common StockRetained EarningsSalaries and Wages PayableUnearned
RentUtilities ExpenseUtilities Expense
Advertising ExpenseCommon StockRetained EarningsSalaries and
Wages PayableUnearned RentAdvertising Expense
Common StockRepairs ExpenseRetained EarningsSalaries and Wages
PayableUnearned RentRepairs Expense
Accumulated Depreciation-Building Common StockDepreciation
Expense-BuildingRetained EarningsSalaries and Wages PayableUnearned
RentDepreciation Expense-Building
Accumulated Depreciation-EquipmentCommon StockDepreciation
Expense-EquipmentRetained EarningsSalaries and Wages
PayableUnearned RentDepreciation Expense-Equipment
Common StockInsurance ExpenseRetained EarningsSalaries and Wages
PayableUnearned RentInsurance Expense
Accumulated Depreciation Expense-BuildingAccumulated
Depreciation Expense-EquipmentLandPrepaid InsuranceSalaries and
Wages PayableSuppliesSupplies ExpenseUtilities ExpenseSupplies
Expense
Accumulated Depreciation Expense-BuildingAccumulated
Depreciation Expense-EquipmentLandMiscellaneous ExpensePrepaid
InsuranceSalaries and Wages PayableSuppliesUtilities
ExpenseMiscellaneous Expense