for preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on June 30 were $9,480. Supplies on hand on June 30 were $7,740. Depreciation of equipment was estimated to be $13,100 for the year. The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $18,210 of the services were provided Unpaid wages accrued on June 30 were $1,680. Required: 1. Journalize the adjusting entries necessary on June 30, 2014. If an amount box does not require an entry, leave it blank. 2014 Accounts Receivable Fees Earned 9.480 June 30 9.480 13,220 30 Supplies Expense Supplies 13,220 13,100 30 Depreciation Expense Accumulated Depreciation-Equipment 13.100 10.210 30 Unearned Fees Fees Earned 18.210 1,600 30 Wages Expense Wages Payable 1600 8:27 PM 2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries. Revenues 9,480 X Expenses Net income 3. Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries. Revenues Expenses Net Income 4. Determine the effect of the adjusting entries on Nancy Townes, Capital. Enter the amount as positive numbers. Nancy Townes, Capital by $ Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its fire Milbank Repairs & Service Unadjusted Trial Balance June 30, 2014 Debit Balances Credit Balances Cash 13,100 Accounts Receivable 86,970 20,960 502,770 20,430 Supplies Equipment Accounts Payable Unearned Fees Nancy Townes, Capital Nancy Townes, Drawing Fees Earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 23,050 365,000 17,290 523,900 121,540 92,730 66,540 10,480 932,380 932,380 For preparing the adjusting entries, the following data were assembled: Check My Work