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 Accounts Receivable 13,730 91,150 21,960 456,430 Supplies Equipment Accounts Payable Unearned Fees Common Stock 21,420 24,160 55,000 257,000 Retained Earnings Dividends 18,120 Fees Earned 549,120 Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 127,400 97,190 69,740 10,980 906,700 906,700 For preparing the adjusting entries, the following data were assembled: For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on April 30 were $9,940. Supplies on hand on April 30 were $8,110. Depreciation of equipment was estimated to be $13,730 for the year. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. During April $19,090 of the services was provided Unpaid wages accrued on April 30 were $1,760. Required: 1. Journalize the adjusting entries necessary on April 30, 2018 Ja 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 Earnings. Retained Earnings by