PS Music Unadjusted Trial Balance July 31, 20YS Account Debit Credit No. Balances Balances Cash Accounts Receivable. 1 9,945 12 2,750 Supplies... Prepaid Insurance Office Equipment . Accounts Payable Unearned Revenue. 14 1,020 2,700 7,500 15 17 21 8,350 7,200 9,000 23 Common Stock 31 Dividends 33 1,750 Fees Earned. 41 16,200 Wages Expense Office Rent Expense. Equipment Rent Expense Utilities Expense Music Expense. Advertising Expense... Supplies Expense... Miscellaneous Expense 50 2,800 51 2,550 52 1,375 1,215 3,610 1,500 180 53 54 55 56 1855 40,750 59 40,750

The unadjusted trial balance that you prepared for PS Music at the end of Chapter 2 should appear as follows: 

The data needed to determine adjustments are as follows:
• During July, PS Music provided guest disc jockeys for KXMD for a total of 115 hours. For information on the amount of the accrued revenue to be billed to KXMD, see the contract described in the July 3 transaction at the end of Chapter 2

. Supplies on hand at July 31, $275-

. The balance of the prepaid insurance account relates to the July 1 transaction at the end of Chapter 2.
.Depreciation of the office equipment is $50.
.The balance of the unearned revenue account relates to the contract between PS Music and KXMD, described in the July 3 transaction at the end of Chapter 2.
• Accrued wages as of July 31 were $140.
Instructions
1. Prepare adjusting journal entries. You will need the following additional accounts:
18 Accumulated Depreciation—Office Equipment 22 Wages Payable
57 Insurance Expense
58 Depreciation Expense
2. Post the adjusting entries, inserting balances in the accounts affected. 3- Prepare an adjusted trial balance.