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Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance on November 3 0 , 2 0 Y 3 : Reliable

Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance on November 30,20Y3:
Reliable Repairs & Service
UNADJUSTED TRIAL BALANCE
November 30,20Y3
ACCOUNT TITLE DEBIT CREDIT
1
Cash
10,150.00
2
Accounts Receivable
67,550.00
3
Supplies
16,590.00
4
Equipment
112,610.00
5
Accounts Payable
15,540.00
6
Unearned Fees
18,360.00
7
Common Stock
11,500.00
8
Retained Earnings
109,150.00
9
Dividends
13,540.00
10
Fees Earned
291,750.00
11
Wages Expense
94,050.00
12
Rent Expense
72,120.00
13
Utilities Expense
51,730.00
14
Miscellaneous Expense
7,960.00
15
Totals
446,300.00
446,300.00
For preparing the adjusting entries, the following data were assembled:
Fees earned but unbilled on November 30 were $10,310.
Supplies on hand on November 30 were $4,550.
Depreciation of equipment was estimated to be $6,180 for the year.
The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November, $15,030 of the services were provided.
Unpaid Wages accrued on November 30 were $5,070.
Required:
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 Retained Earnings.

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