Pitman company is a small editorial services company owned and operated by jan pitman. on october 31, 2019 the end of the current year, pitman company’s accounting clerk prepared the following unadjusted trial balance: pitman companyunadjusted trial balanceoctober 31, 2019account title debit credit1cash7,500.002accounts receivable38,400.003prepaid insurance7,200.004supplies1,980.005 land112,500.006building300,250.007a ccumulated depreciation-building87,550.008equi pment135,300.009accumulated depreciation-equipment97,950.0010ac counts payable12,150.0011unearned rent6,750.0012jan pitman, capital371,000.0013jan pitman, drawing15,000.0014fees earned324,600.0015salaries and wages expense193,370.0016utilities expense42,375.0017advertising expense22,800.0018repairs expense17,250.0019miscellaneous expense6,075.0020totals900,000.0090 0,000.00the data needed to determine year-end adjustments are as follows: a. unexpired insurance at october 31, $600.b. supplies on hand at october 31, $675.c. depreciation of building for the year, $12,000.d. depreciation of equipment for the year, $8,600.e. unearned rent at october 31, $2,250.f. accrued salaries and wages at october 31, $2,800.g. fees earned but unbilled on october 31, $10,050.required: 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. refer to the chart of accounts for exact wording of account titles.2. determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. chart of accountspitman companygeneral ledgerassets11 cash12 accounts receivable13 prepaid insurance14 supplies15 land16 building17 accumulated depreciation-building18 equipment19 accumulated depreciation-equipmentliabilities21 accounts payable22 unearned rent23 salaries and wages payableequity31 jan pitman, capital32 jan pitman, drawingrevenue41 fees earned42 rent revenueexpenses51 salaries and wages expense52 utilities expense53 advertising expense54 repairs expense55 depreciation expense-building56 depreciation expense-equipment57 insurance expense58 supplies expense59 miscellaneous expense1. 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. refer to the chart of accounts for exact wording of account titles. how does grading work? page 10journalaccounting equationscore: 164/176date description post. ref. debit credit assets liabilities equity1adjusting entries2? ? 310? ? 112. determine the balances of the accounts affected by the adjusting entries, and prepare an adjusted trial balance. question not attempted. pitman companyadjusted trial balancescore: 0/103october 31, 2019account title debit credit1cash2accounts receivable3prepaid insurance4supplies5land6building7ac cumulated depreciation-building8equipment9acc umulated depreciation-equipment10accounts payable11unearned rent12salaries and wages payable13jan pitman, capital14jan pitman, drawing15fees earned16rent revenue17salaries and wages expense18utilities expense19advertising expense20repairs expense21depreciation expense-building22depreciation expense-equipment23insurance expense24supplies expense25miscellaneous expense26totals