Adjusting Entries Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations: Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 20YS Debit Credit Balances Balances Cash 14,580 Accounts Receivable Supplies 96,790 23,320 492,360 Equipment 22,740 Accounts Payable Unearned Fees 25,660 55,000 Common Stock Retained Earnings Dividends 284,000 19,240 Fees Earned 583,080 Wages Expense Rent Expense Utilities Expense 135,270 103,210 74,050 11,660 Miscellaneous Expense 970,480 970,480 For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $8,620. Fees earned but unbilled on April 30 were $10,560. Depreciation of equipment was estimated to be $14,580 for the year. Unpaid wages accrued on April 30 were $1,870. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $20,270 of the services was progided between April 1 and April 30. Required: 1. Journalize the adjusting entries necessary on April 30, 20YS. If an amount box does not require an entry, leave it blank. Apr 30 30 > > 30 III III IIIII 30 30 2. Determine the revenues, expenses, 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 $