Part 1: (Done) Needs to be used as a reference for Part 3.

Adjusting Entries:

Date	Account title and Explanation	Post ref.	Debit	Credit
July 31	Accounts receivable	12	$1,400
	Fees Earned [(115-80) x $40]	41		$1,400
	[To record accrued fees earned]
July 31	Supplies expense [1,020-275]	56	$745
	Supplies	14		$745
	[To record supplies expense]
July 31	Insurance expense [2,700/12]	57	$225
	Prepaid insurance	15		$225
	[To record insurance expense]
July 31	Depreciation expense	58	$50
	Accumulated depreciation- office equipment	18		$50
	[To record depreciation expense]
July 31	Unearned revenue	23	$3,600
	Fees earned	41		$3,600
	[To record fees earned from unearned revenue]
July 31	Wages expense	50	$140
	Wages payable	22		$140
	[To record accrued wages]

Continuing Problem Chapter 3 - Instruction #3

Refer to the spreadsheet you updated in Chapter 3 Part 2 to prepare an adjusted trial balance. Note: Be sure to save this part with a screenshot or print it out. You will need to refer to your adjusted trial balance to complete the financial statements in Chapter 4 Part 1 of the continuing problem. If an amount box does not require an entry, leave it blank.

PS Music Adjusted Trial Balance July 31, 2019
	Debit Balances	Credit Balances