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Need answered PR 3-3A Adjusting entries Ob) 2,3,4,5 Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance on November 30,20Y3
Need answered PR 3-3A Adjusting entries Ob) 2,3,4,5 Reliable Repairs \& Service, an electronics repair store, prepared the following unadjusted trial balance on November 30,20Y3 : For preparing the adjusting entries, the following data were assembled: - Fees earned but unbilled on November 30 were $10,500. - Supplies on hand on November 30 were $1,175. - Depreciation of equipment was estimated to be $9,500 for the year. - The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November, $16,800 of the services were provided. - Unpaid wages accrued on November 30 were $2,400. Instructions 1. Journalize the adjusting entries necessary on November 30,20Y3. 2. Determine the revenues, expenses, and net income of Reliable Repairs \& Service before the adjusting entries. 3. Determine the revenues, expenses, and net income of Reliable Repairs \& Service after the adjusting entries. 4. Determine the effect of the adjusting entries on Leticia Beale, Capital
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