Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance on November $30,20$Y$3$:

Reliable Repairs & Service

UNADJUSTED TRIAL BALANCE

November $30,20$Y$3$

ACCOUNT TITLE DEBIT CREDIT

$1$

Cash

$25,350\mathrm{.}00$

$2$

Accounts Receivable

$67,500\mathrm{.}00$

$3$

Supplies

$16,200\mathrm{.}00$

$4$

Equipment

$181,100\mathrm{.}00$

$5$

Accounts Payable

$25,750\mathrm{.}00$

$6$

Unearned Fees

$18,000\mathrm{.}00$

$7$

Common Stock

$75,000\mathrm{.}00$

$8$

Retained Earnings

$111,500\mathrm{.}00$

$9$

Dividends

$13,500\mathrm{.}00$

$10$

Fees Earned

$369,750\mathrm{.}00$

$11$

Wages Expense

$144,500\mathrm{.}00$

$12$

Rent Expense

$92,000\mathrm{.}00$

$13$

Utilities Expense

$51,750\mathrm{.}00$

$14$

Miscellaneous Expense

$8,100\mathrm{.}00$

$15$

Totals

$600,000\mathrm{.}00$

$600,000\mathrm{.}00$

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.$

Required:

$1.$ Journalize the adjusting entries necessary on November $30,20$Y$3.$

$2.$ 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 Retained Earnings.