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Adjusting entries For preparing the adjusting entries, the following data were assembled: - Supplies on hand on April 30 were $8,000. - Fees earned but
Adjusting entries For preparing the adjusting entries, the following data were assembled: - Supplies on hand on April 30 were $8,000. - Fees earned but unbilled on April 30 were $9,800. - Depreciation of equipment was estimated to be $13,530 for the year. - Unpaid wages accrued on April 30 were $1,730. - The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $18,810 of the services was provided between April 1 and April 30 Required: 1. Journalize the adjusting entries necessary on April 30,20Y5. If an amount box does not require an entry, leave it blank. - Fees earned but unbilled on April 30 were $9,800. - Depreciation of equipment was estimated to be $13,530 for the year. - Unpaid wages accrued on April 30 were $1,730. Required: 1. Journalize the adjusting entries necessary on April 30, 20Y5. If an amount box does not requitre an entiry, leave ik blankik. 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. 4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings by
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