Crazy Mountain Outfitters Co., an outfitter store for fishing treks, prepared the following unadjusted trial balance on April 30, 20Y5:

Line Item Description	Debit Balances	Credit Balances
Cash	12,160
Accounts Receivable	80,710
Supplies	19,450
Equipment	413,860
Accounts Payable		18,960
Unearned Fees		21,390
Common Stock		55,000
Retained Earnings		231,000
Dividends	16,040
Fees Earned		486,200
Wages Expense	112,800
Rent Expense	86,060
Utilities Expense	61,750
Miscellaneous Expense	9,720
	812,550	812,550

For preparing the adjusting entries, the following data were assembled:

Supplies on hand on April 30 were $7,190. Fees earned but unbilled on April 30 were $8,800. Depreciation of equipment was estimated to be $12,160 for the year. Unpaid wages accrued on April 30 were $1,560. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $16,900 of the services was provided between April 1 and April 30.

Required:

Question Content Area

1. Journalize the adjusting entries necessary on April 30, 20Y5. If an amount box does not require an entry, leave it blank.

Date	Account	Debit	Credit
Apr. 30	Accounts PayableCashSuppliesSupplies ExpenseSupplies Payable	- Select -	- Select -
	Accounts PayableCashSuppliesSupplies ExpenseSupplies Payable	- Select -	- Select -
30	Accounts PayableAccounts ReceivableFees EarnedFees ExpenseUnearned Fees	- Select -	- Select -
	Accounts PayableAccounts ReceivableFees EarnedFees ExpenseUnearned Fees	- Select -	- Select -
30	Accounts PayableAccumulated Depreciation-EquipmentDepreciation ExpenseDepreciation PayableEquipment	- Select -	- Select -
	Accounts PayableAccumulated Depreciation-EquipmentDepreciation ExpenseDepreciation PayableEquipment	- Select -	- Select -
30	Accounts PayableCashWages ExpenseWages PayableWages Receivable	- Select -	- Select -
	Accounts PayableCashWages ExpenseWages PayableWages Receivable	- Select -	- Select -
30	Accounts PayableFees EarnedFees ExpenseFees PayableUnearned Fees	- Select -	- Select -
	Accounts PayableFees EarnedFees ExpenseFees PayableUnearned Fees	- Select -	- Select -

Question Content Area

2. Determine the revenues, expense, and net income of Crazy Mountain Outfitters Co. before the adjusting entries.

Line Item Description	Amount
Revenues	fill in the blank 1 of 7$
Expenses	fill in the blank 2 of 7
Net income	fill in the blank 3 of 7$

3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries.

Line Item Description	Amount
Revenues	fill in the blank 4 of 7$
Expenses	fill in the blank 5 of 7
Net income	fill in the blank 6 of 7$

4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings

decreasesincreases

by fill in the blank 7 of 7$.