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, 20Y5
	Debit Balances		Credit Balances
Cash	13,770
Accounts Receivable	91,430
Supplies	22,030
Equipment	468,860
Accounts Payable			21,480
Unearned Fees			24,240
Common Stock			55,000
Retained Earnings			269,000
Dividends	18,180
Fees Earned			550,800
Wages Expense	127,790
Rent Expense	97,490
Utilities Expense	69,950
Miscellaneous Expense	11,020
	920,520		920,520

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

• Supplies on hand on April 30 were $8,140.
• Fees earned but unbilled on April 30 were $9,970.
• Depreciation of equipment was estimated to be $13,770 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 $19,150 of the services was provided between April 1 and April 30.

Required:

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

Apr. 30
30
30
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	$

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