1,670 Adjusting Entries Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits Credits Accounts Receivable $55,520 Equipment 86,000 Accumulated Depreciation - Equipment $8,550 Prepaid Rent 7,000 Supplies Wages Payable Unearned Fees 7,660 Fees Eamed 324,240 Wages Expense 109,370 Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: Supplies on hand at November 30, $500. Depreciation of equipment during year, $830. Rent expired during year, $5,110. Wages accrued but not paid at November 30, $1,610, Uneamed fees at November 30, $3,220. . . Unbilled fees at November 30, $3,830. Required: 1. Journalize the six adjusting entries required at November 30, based on the data presented. Nov. 30 30 30 30 1 1 1 1 1 [ ] [ ] 30 30 2. What would be the effect on the income statement if the adjustments for equipment depreciation and unearned fees were omitted at the end of the by 2. What would be the effect on the income statement if the adjustments for equipment depreciation and uneared fees were omitted at the end of the year? Enter all amounts as positive numbers. Fees earned by Depreciation expense Net Income by 3. What would be the effect on the balance sheet if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers. Accumulated depreciation by 5 Total assets by Unearned fees by s Total liabilities Owner's equity by Total liabilities and owner's equity 4. What would be the effect on the Net increase or decrease in cash" on the statement of cash flows if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? by by $