et es red 4) On June 30, 2017, the following data were accumulated assist the accountant in preparing the adjusting entries for ABC Inc.: 13. a) The supplies account balance on June 30 is $4,400. The supplies on hand on June 30 are $1,050. 14. b) The unearned rent account balance on June 30 is $8,000 representing the receipt of an advance payment on June 1 of 4 months' rent from tenants. 15. c) Wages accrued but not paid at June 30 are $6,425. 16. d) Fees accrued but unbilled at June 30 are $23,745. 17. e) Depreciation of office equipment is $3,500. Instructions: 1) Journalize the adjusting entries required at June 30, 2017. 2) Why are adjusting entries necessary?