Adjusting Entries Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits Credits $54,800 Accounts Receivable Equipment 85,000 Accumulated Depreciation - Equipment $8,440 6,900 Prepaid Rent Supplies 1,640 Wages Payable Unearned Fees 7,560 Fees Earned 320,030 Wages Expense 107,960 Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: Supplies on hand at November 30, $490. Depreciation of equipment during year, $820. Rent expired during year, $5,040. Wages accrued but not paid at November 30, $1,590. Unearned fees at November 30, $3,180. Unbilled fees at November 30, $3,780. Required: 1. Journalize the six adjusting entries required at November 30, based on the data presented. Nov. 30 30 30 30 30 30 2. What would be the effect on the income statement if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers. by $ Fees earned by $ Depreciation expense by $ Net income What would be the effect on the balance sheet if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as 3. positive numbers. by $ Accumulated depreciation by $ Total assets by $ Unearned fees by $ Total liabilities by $ Owner's equity Total liabilities and owner's equity by $ 4. What would be the effect on the "Net increase or decrease in cash" on the statement of cash flows if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year