Milbark Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service Unadjusted Trial Balance June 30, 2019 Debit Balances Credit Balances Cash 13,620 90,410 21,780 511,230 21,240 23,960 368,000 Accounts Receivable Supplies Equipment Accounts Payable Uneamed Fees Nancy Townes, Capital Nancy Townes, Drawing Fees Earned Wapes Expense Rent Expense Utilities Expense Miscellaneous Expense 17.970 544,620 126,350 96,400 69,170 10,890 957,820 957,820 eBook For preparing the adjusung entries, the following data were assembled Fees earned but unbilled on June 30 were $9,860. Supplies on hand on June 30 were $8,050. Depreciation of equipment was estimated to be $13,620 for the year. The balance in uneared fees represented the June 1 receipt in advance for services to be provided. During June $18,930 of the services was provided Unpaid wages accrued on June 30 were $1,740. Required: 1. Journalize the adjusting entries necessary on June 30, 2019. b. III ] > > > 0 0 2. 2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries. Revenues Expenses Net income 3. Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries. Revenues Expenses Net income 4. Determine the effect of the adjusting entries on Nancy Townes, Capital Nancy Townes, Capital by