=+PR 3-3B Adjusting entries obj. 2 138 Chapter 3 The Adjusting Process For preparing the adjusting entries, the following data were assembled:

a. Fees earned but unbilled on November 30 were $1,300.

b. Supplies on hand on November 30 were $3,100.

c. Depreciation of equipment was estimated to be $3,500 for the year.

d. The balance in unearned fees represented the November 1 receipt in advance for services to be provided. Only $4,000 of the services was provided between November 1 and November 30.