Adjusting entries

Adjusting Entries Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits Credits Accounts Receivable $72,640 Equipment 112,000 Accumulated Depreciation-Equipment $11,190 Prepaid Rent 9,200 Supplies 2,180 Wages Payable Unearned Fees 10,020 Fees Earned 424,220 Wages Expense 143,100 Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: . Supplies on hand at November 30, $650. . Depreciation of equipment during year, $1,090. Rent expired during year, $6,680 Wages accrued but not paid at November 30, $2, 110. . Unearned fees at November 30, $4,210 . Unbilled fees at November 30, $5,010.30 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 year? Enter all amounts as positive numbers. Fees earned by $ Depreciation expense by $ 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 $ Total assets by $ Unearned fees by $ Total liabilities by $ Retained earnings by $ Total liabilities and stockholders' equity by $ 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?Required: 1. Journalize the six adjusting entries required at November 30, based on the data presented. If an amount box does not require an entry, leave it blank. Nov. 30 3D 30 30 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 year? Enter all amounts as positive numbers