Reece Financial Services Co., which specializes in appliance repair services, is owned and operated by Joni Reece. Reece Financial Services’ accounting clerk prepared the following unadjusted trial balance at July 31, 20Y6: The data needed to determine year-end adjustments are as follows: • Depreciation of building for the year, $6,400. • Depreciation of equipment for the year, $2,800. • Accrued salaries and wages at July 31, $900. • Unexpired insurance at July 31, $1,500. • Fees earned but unbilled on July 31, $10,200. • Supplies on hand at July 31, $615. • Rent unearned at July 31, $300. Instructions 2. 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. 3. Determine the balances of the accounts affected by the adjusting entries and prepare an adjusted trial balance.