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journal 1 needs to be up to 13 Data needed for year-end adjustments are as follows: Data needed for year-end adjustments are as foliows: -

journal 1 needs to be up to 13
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Data needed for year-end adjustments are as follows: Data needed for year-end adjustments are as foliows: - Unbilied fees at July 31, \$11,800. - Supplies on hand at July 31, \$1,000. - Rent expired, $5,900. - Depreciation of equipment during year, $9,050. - Unearned fees at July 31, \$2,460. - Wages accrued but not paid at July 31, \$4,950. Required: 1. Journalize the six adjusting entries required af July 31, based on the data presented. Refer to the Chart of Accounts for exact wording of account titles. 2. What would be the effect on the income statement if the adfustments for unblled feos and accruod wages wore omitted at the end of the year? 3. What would be the eflect on the balance shoet if the adjustments for unbilled fees and accrued wages were omitted at the end of the year? 4. What would be the effect on the "Net increase or decrease in cash" on the statement of cash flows if the adjustments for unbilied fees and accrued wages were omitted at the end of the year? 1. Joumatre the sox adfusting ontries required at July 31, based on the data presented. Alofer to the Chart of Accounts for exuct wording of account bines. 3. What would be the effect on the balance sheet if the adjustmonts for unbilied foes and accrued wages were omitted at the end of the year? 4. What would be the efect on the "Net increase or docrease in cash" on the statement of cash flows if the adjustments for unbuited fees and acerued wages wore omined at the end of the year

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