=+At the end of July, the first month of operations, the following selected data were taken from the financial statements of Monita Forche, an attorney:

Net income for July $135,800 Total assets at July 31 750,000 Total liabilities at July 31 250,000 Total owner’s equity at July 31 500,000 In preparing the financial statements, adjustments for the following data were overlooked:

a. Unbilled fees earned at July 31, $6,700.

b. Depreciation of equipment for July, $3,000.

c. Accrued wages at July 31, $2,150.

d. Supplies used during July, $1,975.

Instructions