Pacific Financial Services Co., which specializes in appliance repair services, is owned and operated by Eileen Hastings. Pacific Financial Services Co.€™s accounting clerk prepared the unadjusted trial balance at October 31, 2012, shown below.

The data needed to determine year-end adjustments are as follows:
a. Depreciation of building for the year, $1,900.
b. Depreciation of equipment for the year, $2,400.
c. Accrued salaries and wages at October 31, $1,375.
d. Unexpired insurance at October 31, $2,700.
e. Fees earned but unbilled on October 31, $9,400.
f. Supplies on hand at October 31, $325.
g. Rent unearned at October 31, $1,800.

Instructions
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.
2. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trialbalance.

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Pacific Financlal Services Co. Unadjusted Trial Balance October 31, 2012 Debit Balances Credit Balances Cash 10,200 6,000 Supplies Building 80,750 Accumulated Depreciation Building Accumulated Depreciation-Equipment.. Unearned Rent 37,850 .45,000 . 17,650 3,750 3,600 103,550 Eileen Hastings, Capital 8,000 158,600 Salaries and Wages Expense.. . Utilities Expense 56,850 .*. 14,100 .6,100 325,000 Repairs Expense 325,000