Instructions Journal Final Questions ACCOUNT TITLE CREDIT DEBIT 10,800.00 1 Cash 1. Journalize the adjusting entries necessary on April 30, 2018. Refer to the Chart of Accounts for exact wording of account titles. 2 Accounts Receivable 67,270.00 2. Determine the revenues, expenses, and net income of Reliable Repairs & Service before the adjusting entries. 3 Supplies 16,390.00 PAGE 14 4 Equipment 115,170.00 JOURNAL ACCOUNTING EQUATION Before Adjusting Entries s Accounts Payable 15,830.00 DATE POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUIT 1 Revenues 6 Uneamed Fees 17,930.00 DESCRIPTION Adjusting Entries 1 2 Expenses 7 Common Stock 10,500.00 2 3 Net income & Retained Earnings 107,430.00 9 Dividends 13,860.00 4 10 Fees Earned 297,710.00 5 3. Determine the revenues, expense, and net income of Reliable Repairs & Service after 11 Wages Expense 94,430.00 the adjusting entries 12 Rent Expense 71,780.00 7 13 Utilities Expense 52,100.00 After Adjusting Entries 14 Miscellaneous Expense 7,600.00 9 1 Revenues 15 Totals 449,400.00 449,400.00 10 2 Expenses 11 3 Net income For preparing the adjusting entries, the following data were assembled: 4. Determine the effect of the adjusting entries on Retained Earnings. The Retained Earnings account by S . Fees earned but unbilled on April 30 were $9.950. Supplies on hand on April 30 were $4,810. Depreciation of equipment was estimated to be $8.130 for the year. . The balance in unearned fees represented the April 1 receipt in advance for services to be provided. During April, $15,250 of the services were provided. . Unpaid Wages accrued on April 30 were $5,100. Required: 1. Journalize the adjusting entries necessary on April 30, 2018. Refer to the Chart of Accounts for exact wording of account titles. 2. Determine the revenues, expenses, and net income of Reliable Repairs & Service before the adjusting entries 3. Determine the revenues, expense and net income of Reliable Repairs & Service after the adjusting entries. 4. Determine the effect of the adjusting entries on Retained Earnings