PROBLEM 3-6B At the end of November, the first month of operations, the following selected data taken fro the financial statements of J Adjusting entries and errors w Objective 3 McCun, tmcy $207,320 Net income for November Total assets at November 30 440,960 Total liabilities at November 30 29,720 Total owner's equity at November 30 411,240 In preparing the financial statements, adjustments for the following data were over- Corrected Net Income looked: $209,745 a. Supplies used during November, $1,025 b. Unbilled fees earned at November 30, $7,650. c. Depreciation of equipment for November, $3,100. d. Accrued wages at November 30, $1,100. Instructions 1. Journalize the entries to record the omitted adjustments. 2. Determine the correct amount of net income for November and the total assets, liabilities, and owner's equity at November 30. In addition to indicating the cor- rected amounts, indicate the effect of each omitted adjustment by setting up and completing a columnar table similar to the following. Adjustmet (a is presented as an example Total Net Total Total Liabilities Owner's Equity $411,240 Reported amounts $207,320 $440,960 $29,720 -1,025 Adjustment (a) Adjustment (b) Adjustment (c) Adjustment (d) -1,025 -1,025