Milbank repairs and services an electrics repair store, prepared the following unadjusted trial balance at the end of its first year of operation. prepare the adjusting entries the following data were assembled. journalize the adjusting entries nessary on June 30, 2019. 2.Determine the revenue, expense, and net income of the repair shop before the adjusting entries. 3. determine the revenue, expense and net income of the shop after the adjusting entries. 4. determine the effect of the adjusting entries on nancy townes, capital.

Online te X Calculator eBook Adjusting Entries Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operatio Milbank Repairs & Service Unadjusted Trial Balance June 30, 2019 Debit Credit Balances Balances Cash 13,010 Accounts Receivable 86,410 Supplies 20,820 Equipment 499,890 Accounts Payable 20,300 Unearned Fees 22,900 Nancy Townes, Capital 363,000 Nancy Townes, Drawing 17,180 Fees Earned 520,520 Wages Expense 120,760 Rent Expense 92,130 Utilities Expense 66,110 10.410 Miscellaneous Exnense SKILCRAFT 17 ( 18 [2) & 7. 8. 6. 4. 4 6)