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For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $8,740. Fees earned but unbilled on April 30
For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $8,740. Fees earned but unbilled on April 30 were $10,710. Depreciation of equipment was estimated to be $14,790 for the year. Unpaid wages accrued on April 30 were $1,890. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $20,560 of the services was provided between April 1 and April 30. Required: 1. Journalize the adjusting entries necessary on April 30, 2015. If an amount box does not require an entry, leave it blank. Apr. 30 Supplies Expense Supplies 30 Accounts Receivable Fees Earned 14,790 X 14,790 X 10,710 10,710 30 Depreciation Expense 14,790 Accumulated Depreciation-Equipment 14,790 30 Wages Expense Wages Payable 1,890 1,890 30 Unearned Fees Fees Earned 20,560 20,560 Crazy Mountain Outfitters Co. Unadjusted Trial Balance April 30, 2015 Debit Credit Balances Balances Cash 14,790 Accounts Receivable 98,220 Supplies 23,670 Equipment 501,600 Accounts Payable 23,070 Unearned Fees 26,030 Common Stock 55,000 Retained Earnings 291,000 Dividends 19,520 Fees Earned Wages Expense Rent Expense 591,660 137,270 104,720 Utilities Expense Miscellaneous Expense 75,140 11,830 986,760 986,760 For preparing the adjusting entries, the following data were assembled: Supplies on hand on April 30 were $8,740. Fees earned but unbilled on April 30 were $10,710. Depreciation of equipment was estimated to be $14,790 for the year. Unpaid wages accrued on April 30 were $1,890. The balance in unearned fees represented the April 1 receipt in advance for services to be provided. Only $20,560 of the services was provided between April 1 and April 30
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