Book Show Me How Adjusting entries Chart of Accounts Journal Final Questions Instructions Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows: Debits Credits $ 70,300 345,500 Accounts Receivable Equipment Accumulated Depreciation-Equipment Prepaid Rent Supplies $115,400 9,100 3,140 Wagos Payable Unearned Fees 13,700 652,200 Foes Earned Wages Expense Rent Expense 314,300 Depreciation Expense Supplies Expense Data needed for year-end adjustments are as follows: Unbilledfees at July 31, 511,950. Supplies on hand at July 31, $800 komore Check My Work uses remaining, All work saved. Email Instructor MacBook Air Book Show Me How Adjusting entries Chart of Account Journal Final Questions Instructions Depreciation Expense Supplies Expense Data needed for your and adjustments are as follows: Unbilled tees at July 31, $11.950. Supplies on hand at July 31, $890. Rent expired, 55,600 Derection of equipment during year, 68,750. Uneamed fees at July 31, $2,040 Wages accrued but not paid at Jy 31, 54.680 Required: 1. Joumalzeme six adjusting entries required at July 31, based on the data presented. Refer to the Chart of Accounts for exact wording of accountties 2. What would be the effect on the income statement the adjustments for unbilledfoes and accrued wages were med at the end of the year? 3. What would be the effect on the balance sheet the dustments for unbilled fees and accrund wages were omitted at the end of the w 4. What would be the effect on the "Not increase or decrease in cash" on the statement of cash lows the adjustments for unbilledfoes and acrued wages were omitted at the end of the year? more Check My Work uses remaining All work saved Email Instructor Save and Ex MacBook Air DOO 000 FS >> II FB $10 Show Me How djusting entries Clurt of Account Journal Final Questions Instruction Journal 2. What would be the effect on the income statement the adjustments for unbilledwo and accur wages were ombled at the end of the year Over/Understated Amount For earned Wages experts Net income $ S 3 What would be the effect on the bare not the customers for unbilledes and if we were med at the end of the year? Over/Understated Amount Accountable Total Wages paste Total $ 5 s 5 5 Toddy 4 What would be the fact on the Wet inoreste order on the ort of cash flow me once a wewed at the end wart Om CheckMy Wor Previous All saved Gralatrume Save and Submit Agent for Gran MacBook Air Dog Fa 10 A $ 4 % 5 + & 7 * 8 6 0 2 R. T T Y U O F G