m1sirucLIU Instructions UNADJUSTED TRIAL BALANCE November 30, 20Y3 CREDIT ACCOUNT TITLE DEBIT 10,210.00 1 Cash 67,660.00 2 Accounts Receivable 15,710.00 3 Supplies 111420.00 Equipment 4 sAccounts Payable 15,920.00 17840.00 6 Uneaned Fees 8.500.00 7 Common Stock 109,130.00 Retained Earnings 13,870.00 9 Dividends 293,940.00 10 Fees Earned 94,160.00 11 Wages Expense Instructions 7 Common Stock 8,500.00 8Retained Eanings 109,130.00 9 Dividends 13,870.00 10 Fees Earned 293,940.00 11 Wages Expense 94,160.00 12 Rent Expense 72,020.00 13 Utilities Expense 52,080.00 8,200.00 14 Miscellaneous Expense 445,330.00 445,330.00 15 Totals For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on November 30 were $10.190 Supplies on hand on November 30 were $5,090 Depreciation of equipment was estimated to be $6,110 for the year The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November, $15,390 of the services were provided. Unpaid Wages accrued on November 30 were $4,920. Required: 1. Journalize the adjusting entries necessary an November 30, 20Y3. Referto i the Chart of Accounts for exact wording of account titles 2. Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries 3. Determine the revenues, expenses, and net income of Trident Repairs& Service after the adjusting entries Determine the effect of the adjusting entries on Retained Eamings 4 V Final Questions Journal 1art of ET.A. Instructions ET.A Chart of Accounts Trident Repairs & Service General Ledger REVENUE ASSETS 41 Fees Earned 11 Cash 12 Accounts Receivable EXPENSES 13 Supplies 51 Wages Expense 14 Equipment 52 Rent Expense 15 Accumulated Depreciation-Equipment 53 Supplies Expense 54 Depreciation Expense LIABILITIES 56 Utilities Expense 21 Accounts Payable 22 Wages Payable 59 Miscellaneous Expense 23 Unearned Fees Print Item Calculator eBook Adjusting entries Final Questions Journal Instructions Chart of Accounts Instructions Chart of Accounts 52 Rent Expense 15 Accumulated Depreciation-Equipment 53 Supplies Expense 54 Depreciation Expense LIABILITIES 21 Accounts Payable 56 Utilities Expense 22 Wages Payable 59 Miscellaneous Expense 23 Unearned Fees EQUITY 31 Common Stock 32 Retained Earnings 33 Dividends Journal 1. Journalize the adjusting entries necessary on November 30, 20Y3. Refer to the Chart of Accounts for exact wording of account titles JOURNAL ACCOUNTING EQUAT DATE DESCRIPTION POST, RE DEBIT CREDIT ASSETS LIABILITIES Adjusting Entries Check My Work Instructions Chart of Accounts Journal Final Questions Journal DATE DESCRIPTION POST, REF DEBIT CREDIT ASSETS LIABILITIES Adjusting Entries 11 Final Questions 2. Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries Before Adjusting Entries 1 Revenues 2 Expenses s Net income 3. Determine the revenues, expenses, and net income of Trident Repairs & Service after the adjusting entries. ARer Aduntine Cetrine Journal Final Questions 3. Determine the revenues, expenses, and net income of Trident Repairs & Service after the adjusting entries After Adjusting Entries 1 Revenues 2 Expenses 3 Net income 4. Determine the effect of the adjusting entries on Retained Earnings The Retained Earnings account After Adjusting Entries 1 Revenues 2 Expenses 3 Net income 4. Determine the effect of the adjusting entries on Retained Earnings The Retained Eamings account V
