Crazy Mountain Outfitters Co. an outfitter store for fishing treks, prepared the following unadjusted trial balance at the end of its first year of operations Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2019 Debit Credit Balances Balances Cash .... 11,400 Accounts Receivable... 72,600 Supplies 7.200 Equipment 112,000 Accounts Payable 12.200 Unearned Fees 19,200 John Bridger, Capital 137,800 John Bridger, Drawing 10,000 Fees Earned..... 305,800 Wages Expense 157,800 Rent Expense 55.000 Utilities Expense Miscellaneous Expense 7,000 475,000 475.000 42.000 For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $1,380. Fees earned but unbilled on April 30 were $3.900. Depreciation of equipment was estimated to be $3.000 for the year. Unpaid wages accrued on April 30 were $2,475. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $14,140 of the services was provided between April 1 and April 30. Instructions 1. Journalize the adjusting entries necessary on April 30, 2019. 2. Explain how the omission of acjusting entries affects net income and assets/liabilities. 3. Prepare and adjusted trial balance