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Instructions Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations Muilbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLE CREDIT DEBIT 10,550.00 1 Cash 2 Accounts Receivable 67990.00 Supplies 16,140,00 nstructions 113,140.00 4 Equipment 5 Accounts Payable 16,230,00 6 Uneamed Fees 17,950.00 118,770.00 7 Nancy Townes, Capital 18 Nancy Townes, Drawing 13.430.00 9 Fees Earned 294,730.00 10 Wages Expense 94,500.00 11 Rent Expense 72,100.00 12 Utilities Expense 51,560.00 13 Miscellaneous Expense 8,270.00 Instructions 14 Totals 447,680.00 447,680.00 For preparing the adjusting entries, the following data were assembled Fees earned but unbilled on June 30 were $10.110 Supplies on hand on June 30 were 84,650 Detection of equipment was estimated to be $6,490 for the year The balance in uneared fees represented the June 1 receipt in advance for services to be provided. During June, $14.910 of the services were provided Unpaid wages accrued on June 30 were $4.960 COWOK cengagwow.com/gmentando Session octor Binprogress k (Application) Adjusting entries Instruction Chart of Account FO astructions Chart of Accounts TAL... Lager le servici TAL... REVENUE FE ASSETS 11 C 13 Accounts Rece 13 Supplies 14 Eur 15 Accum Depreciation Equipment EXPENSES 51 Wages Expo fant Scheme LIABILITIES 21 Accounts Paya 22 Was Paya Mouse ETA... ETA... ETA.. ETA... Ouck My Work Allowed Emain buchi O c 18 lige s of Accounts 53 Supplies Expense LIABILITIES 54 Depreciation Expense 21 Accounts Payable 56 Utilities Expense 22 Wages Payable 59 Miscellaneous Expens 23 Unearned Fees EQUITY 31 Nancy Townes, Capital 32 Nancy Townes, Drawing 33 Dividends 1 Journalize the adjusting entries necessary on June 30, 2019 Question not attempted. DAGE 10 Score: 0/126 ACCOUNTING EQUATION JOURNAL ALSTS LALITIES CREDIT EQUITY DEBIT POST RET DATE DESCRIPTION Adjusting Entries 1 Journal Shaded cells have feedback 15 11 2 Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries. Question not attempted. Score: 0/12 Before Adjusting Entries 1 Revenues 2 Expenses 3 Net income Final 3 Determine the revenues, expenses, and net income of Milbank Repairs & Service after the adjusting entries Question not attempted. After Adjusting Entries Score: 0/12 1 Revenues 2 Expenses 3 Net income 4. Determine the effect of the adjusting entries on Nancy Townes, Capital. The adjusting entries increases net income by $