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Adjusting entries Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance on April 30, 2015: Crazy Mountain Outfitters

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Adjusting entries Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance on April 30, 2015: Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 20YS Debit Balances Credit Balances Cash 12,630 83,880 Accounts Receivable Supplies Equipment 20,210 431,900 Accounts Payable 19,710 22,230 Unearned Fees 55,000 244,000 16,680 Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 505,310 117,230 89,440 64,170 10,110 346,250 846,250 For preparing the adjusting entries, the following data were assembled Supplies on hand on April 30 were $7,460 Fees earned but unbilled on April 30 were $9,140 Depreciation of equipment was estimated to be $12,630 for the year. Unpaid wages accrued on April 30 were $1,620. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $17,560 of the services was provided between April 1 and April 30, 1. Journalize the adjusting entries necessary on April 30, 20Y5. If an amount box does not require an entry, leave it blank Apr. 30 30 8 8 BE 30 30 > II II II Il 30 2. Determine the revenues, expense, and net income of Crazy Mountain Outfitters Co, before the adjusting entries. Revenues Expenses Net Income 3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries. Revenues Expenses Net income 4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings by $

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