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Adjusting Entries Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits $80,900 125,000 Credits Accounts

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Adjusting Entries Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow: Debits $80,900 125,000 Credits Accounts Receivable Equipment Accumulated Depreciation - Equipment Prepaid Rent Supplies Wages Payable Unearned Fees Fees Earned Wages Expense Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: $12,460 10,200 2,430 11,160 472,460 159,370 Supplies on hand at November 30, $730 Depreciation of equipment during year, $1,210 Wages accrued but not paid at November 30, $2,350. Unbilled fees at November 30, $5,580. . Rent expired during year, $7,440 . Unearned fees at November 30, $4,690. 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. Fees earned Depreciation expense Net income 3. 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 positive numbers. by by by 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. Fees earned Depreciation expense Net income 3. 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 positive numbers. Accumulated depreciation Total assets Unearned fees Total liabilities Owner's equity Total liabilities and owner's equity 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? by by by vby by by by by by

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