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Crazy Mountain Outfitters Co. Unadjusted Trial Balance December 31, 2015 Debit Balances Credit Balances Cash 14,030 Accounts Receivable 93,140 Supplies 22,440 Equipment 479,560 Accum Deprec

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Crazy Mountain Outfitters Co. Unadjusted Trial Balance December 31, 2015 Debit Balances Credit Balances Cash 14,030 Accounts Receivable 93,140 Supplies 22,440 Equipment 479,560 Accum Deprec 0 Accounts Payable 21,880 0 Wages payable 24,690 Unearned Fees Common Stock 55,000 Retained Earnings 277,000 Dividends 18,520 Fees Earned 561,080 Wages Expense 130,170 99,310 Rent Expense Supplies Expense Depreciation Expense 0 0 71,260 Utilities Expense Miscellaneous Expense 11,220 939,650 939,650 1. For preparing the 5 adjusting entries, the following data were assembled: a. Supplies on hand on December 31 were $8,290. b. Fees earned but unbilled on December 31 were $10,160. c. Depreciation of equipment was estimated to be $14,030 for the year. d. Unpaid wages accrued on December 31 were $1,800. e. The balance in unearned fees represented the Jan 1 receipt in advance for services to be provided. Only $19,510 of the services was provided between Jan 1 and Dec 31. 2. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. before the adjusting entries. $ $ Revenue Expenses Net income 3. Determine the revenues, expenses, and net income of Crazy Mountain Outfitters Co. after the adjusting entries. $ Revenue Expenses Net income $

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