Instructions Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE DEBIT CREDIT Cash 10,350.00 2 Accounts Receivable 67,500.00 Supplies 16,200.00 Equipment 166,100.00 4 Accounts Payable 15,750.00 5 6 Unearned Fees 18,000.00 171 500 00 7 Nancy Townes Canital Instructions Nancy Townes, Capital 7 171,500.00 Nancy Townes, Drawing 13,500.00 9 Fees Earned 294,750.00 Wages Expense 94,500.00 10 11 Rent Expense 72,000.00 12 Utilities Expense 51,750.00 13 Miscellaneous Expense 8,100.00 500,000.00 500,000.00 14 Totals Instructions For preparing the adjusting entries, the following data were assembled Fees earned but unbilled on June 30 were $7,380. Supplies on hand on June 30 were $2,775 Depreciation of equipment was estimated to be $11,000 for the year. The balance in uneamed fees represented the June 1 receipt in advance for services to be provided. During June, $16,500 of the services were provided Unpaid wages accrued on June 30 were $3,880. Required: 1. Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles Check My Work All work saved. Assignment Score: 84.58 % Required: 1. Journalize the adjusting entries necessary on June 30, 2019. Refer to the Chart of Accounts for exact wording of account titles 2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries. 3. Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries 4. Determine the effect of the adjusting entries on Nancy Townes, Capital eck My Work nent Score: 84.58% All work saved. 11