1. 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	12,640
   Accounts Receivable	83,950
   Supplies	20,230
   Equipment	422,010
   Accounts Payable			19,720
   Unearned Fees			22,250
   Common Stock			55,000
   Retained Earnings			234,000
   Dividends	16,690
   Fees Earned			505,750
   Wages Expense	117,330
   Rent Expense	89,520
   Utilities Expense	64,230
   Miscellaneous Expense	10,120
   	836,720		836,720

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

   • Supplies on hand on April 30 were $7,470.
   • Fees earned but unbilled on April 30 were $9,150.
   • Depreciation of equipment was estimated to be $12,640 for the year.
   • Unpaid wages accrued on April 30 were $1,620.
   • The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $17,580 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 $.