Adjusting Entries Reliable Repairs and Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Reliable Repairs and Service Unadjusted Trial Balance April 30, 2018 Debit Credit Balances Balances 13,560 Cash 90,050 Accounts Receivable 21,700 Supplies 463,680 21,160 23,870 Equipment Accounts Payable Unearned Fees Common Stock Retained Earnings Dividends 55,000 266,000 17.900 542,490 Fees Eamed Wages Expense 125,860 96,020 Rent Expense 68.900 Utilities Expense Miscellaneous Expense 10,850 908,520 908,520 For preparing the adjusting entries, the following data were assembled: Fees camned but unbilled on April 30 were $9,820. Supplies on hand on April 30 were $8,010, Depreciation of equipment was estimated to be $13,560 for the year. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. During April 18,860 of the services was provided Unpaid wages accrued on April 30 were $1,740. Required: 1. Journalize the adjusting entries necessary on April 30, 2018. a. Accounts Receivable Fees Eamed Supplies Expense Supplies Depreciation Expense Accumulated Depreciation Equipment d. Unearned Fees Fees Earned Wages Expense Wages Payable Feedback 2. Determine the revenues, expenses, and net income of Reliable Repairs and Service before the adjusting entries. Revenues Expenses Net income 3. Determine the revenues, expenses, and net income of Reliable Repairs and Service after the adjusting entries. Revenues Expenses Net income 4. Determine the effect of the adjusting entries on Retained Eamings. Retained Earnings decreases by $