Adjusting Entries Selected account balances before adjustment for Intuit Realtyy at November 30, the end of the current year, fol Debits Credits Accounts Receivable $60,380 Equipment 93,000 Accumulated Depreciation Equipment $9,300 Prepaid Rent 7,600 Supplies 1,810 Wages Payable Unearned Fees 8,330 Fees Earned 352,620 Wages Expense 118,950 Rent Expense Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: Supplies on hand at November 30, $540. Depredation of equipment during year, $910. Rent expired during year, $5,550. Wages accrued but not paid at November 30, $1,750. Unearned fees at November 30, $3,500. Data needed for year-end adjustments are as follows: Supplies on hand at November 30, $540. Depreciation of equipment during year, $910. Rent expired during year, $5,550. Wages accrued but not paid at November 30, $1,750. Unearned fees at November 30, $3,500. Unbilled fees at November 30, $4,170. Required: 1. Journalize the six adjusting entries required at November 30, based on the data presented. Nov. 30 Supplies Expense Supplies 30 Depreciation Expense Accumutated Depreciation-Equipment 30 Rent Expense Prepaid Rent 30 Wages Expense Wages Payable Unearned Fees 30 30 Depreciation Expense Accumulated Depreciation - Equipment 30 Rent Expense Prepaid Rent V 30 Wages Expense Wages Payable 20 Unearned Fees y Fees Earned V 20 Accounts Receivable y Fees Earned RE 2. What would be the effect on the income statement if the adjustments for equipment depreciation Enter all amounts as positive numbers. understated by $ Fees earned by $ understated v Depreciation expense understated by $ Net income 3. What would be the effect on the balance sheet if the adjustments for equipment depreciation and Enter all amounts as positive numbers. by $ Accumulated depreciation understated by $ overstated v Total assets by $ overstated Unearned fees by $ overstated Total liabilities understated v by $ Retained earnings Total liabilities and Stockholders equity overstated v by$ 4. What would be the effect on the "Net increase or decrease in cash" on the statement of cash flow unearned fees were omitted at the end of the year? No effect