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 Balances Credit Balances Cash 12,780 Accounts Receivable 84,830 20,440 Supplies Equipment 426,380 Accounts Payable 19,930 Unearned Fees 22,480 Common Stock 55,000 Retained Earnings 237,000 Dividends 16,860 Fees Earned 511,000 Wages Expense 118,550 Rent Expense 90,450 Utilities Expense 64,900 Utilities Expense 64,900 Miscellaneous Expense 10,220 845,410 845,410 For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on April 30 were $9,250. Supplies on hand on April 30 were $7,550. Depreciation of equipment was estimated to be $12,780 for the year. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. During April $17,760 of the services was provided. Unpaid wages accrued on April 30 were $1,640. Required: 1. Journalize the adjusting entries necessary on April 30, 2018. a b. o o o C. d. e. 2. Determine the revenues, expenses, and net income of Reliable Repairs and Service before the adjusting entries. Revenues Expenses Net income dlo 0001 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 Earnings. Retained Earnings by $