Rowland Company is a small editorial services company owned and operated by Marlene Rowland. On August 31, 2016, the end of the current year, Rowland Companys accounting clerk prepared the following unadjusted trial balance:

Rowland Company

UNADJUSTED TRIAL BALANCE

August 31, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	7,565.00
2	Accounts Receivable	38,860.00
3	Prepaid Insurance	7,310.00
4	Supplies	2,435.00
5	Land	117,450.00
6	Building	153,100.00
7	Accumulated Depreciation-Building		87,230.00
8	Equipment	137,150.00
9	Accumulated Depreciation-Equipment		99,160.00
10	Accounts Payable		12,005.00
11	Unearned Rent		6,425.00
12	Common Stock		74,720.00
13	Retained Earnings		156,765.00
14	Dividends	14,500.00
15	Fees Earned		327,050.00
16	Salaries and Wages Expense	196,570.00
17	Utilities Expense	42,485.00
18	Advertising Expense	22,730.00
19	Repairs Expense	17,280.00
20	Miscellaneous Expense	5,920.00
21	Totals	763,355.00	763,355.00

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

a.	Unexpired insurance at August 31, $5,985.
b.	Supplies on hand at August 31, $470.
c.	Depreciation of building for the year, $7,900.
d.	Depreciation of equipment for the year, $4,590.
e.	Rent unearned at August 31, $1,560.
f.	Accrued salaries and wages at August 31, $3,085.
g.	Fees earned but unbilled on August 31, $11,010.

	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. Refer to the Chart of Accounts for exact wording of account titles. JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT 1 Adjusting Entries 2 3 4 5 6 7 8 9 10 11 12 13 14 15
	2. Determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. Rowland Company ADJUSTED TRIAL BALANCE August 31, 2016 ACCOUNT TITLE DEBIT CREDIT 1 Cash 2 Accounts Receivable 3 Prepaid Insurance 4 Supplies 5 Land 6 Building 7 Accumulated Depreciation-Building 8 Equipment 9 Accumulated Depreciation-Equipment 10 Accounts Payable 11 Unearned Rent 12 Salaries and Wages Payable 13 Common Stock 14 Retained Earnings 15 Dividends 16 Fees Earned 17 Rent Revenue 18 Salaries and Wages Expense 19 Utilities Expense 20 Advertising Expense 21 Repairs Expense 22 Depreciation Expense-Building 23 Depreciation Expense-Equipment 24 Insurance Expense 25 Supplies Expense 26 Miscellaneous Expense 27 Totals