Referencing Styles : Harvard Galloway Company is a small editorial services company owned and operated by Fran Briggs. On July 31, 2012, the end of the current year, Galloway Company’s accounting clerk prepared the unadjusted trial balance shown on the next page. The data needed to determine year-end adjustments are as follows: a. Unexpired insurance at July 31, $4,800. b. Supplies on hand at July 31, $600. c. Depreciation of building for the year, $3,100. d. Depreciation of equipment for the year, $2,700. e. Rent unearned at July 31, $1,750. f. Accrued salaries and wages at July 31, $3,000. g. Fees earned but unbilled on July 31, $10,750. Galloway Company Unadjusted Trial Balance July 31, 2012 Debit Balances Credit Balances Cash 7,500 Accounts Receivable 38,400 Prepaid Insurance 7,200 Supplies 1,980 Land 112,500 Building 200,250 Accumulated Depreciation—Building 137,550 Equipment 135,300 Accumulated Depreciation—Equipment 97,950 Accounts Payable 12,150 Unearned Rent 6,750 Fran Briggs, Capital 221,000 Fran Briggs, Drawing 15,000 Fees Earned 324,600 Salaries and Wages Expense 193,370 Utilities Expenses 42,375 Advertising Expense 22,800 Repairs Expense 17,250 Miscellaneous Expense 6,075 800,000 800,000 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 trial balance.