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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:

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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, 2015 Debit Credit Balances Balances Cash 13,730 Accounts Receivable 91,150 Supplies 21,960 Equipment 467,410 Accounts Payable 21,410 Unearned Fees 24,160 Common Stock 55,000 Retained Earnings 268,000 Dividends 18,120 Fees Earned 549,100 Wages Expense 127,390 Rent Expense 97,190 Utilities Expense 69,740 Miscellaneous Expense 10,980 917,670 917,670 For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $8,110. Fees earned but unbilled on April 30 were $9,940. Depreciation of equipment was estimated to be $13,730 for the year. Unpaid wages accrued on April 30 were $1,760. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $19,090 of the services was provided between April 1 and April 30. Required: 1. Journalize the adjusting entries necessary on April 30, 2075. If an amount box does not require an entry, leave it blank. Apr. 30 10 Comprehensive Problem 1 - Accountin 917,670 917,670 For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $8,110. Fees earned but unbilled on April 30 were $9,940. Depreciation of equipment was estimated to be $13,730 for the year. Unpaid wages accrued on April 30 were $1,760. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $19,090 of the services was provided between April 1 and April 30. Required: 1. Journalize the adjusting entries necessary on April 30, 2075. If an amount box does not require an entry, leave it blank. Apr. 30 30 30 10 DI DI DO DI II II 30 30 2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. before the adjusting entries. Revenues Expenses Net Income 3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co, after the adjusting entries. Revenues Expenses Net Income S 4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings by $

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