Reliable Repairs & Service

UNADJUSTED TRIAL BALANCE

April 30, 2016

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	10,800.00
2	Accounts Receivable	67,270.00
3	Supplies	16,390.00
4	Equipment	115,170.00
5	Accounts Payable		15,830.00
6	Unearned Fees		17,930.00
7	Karin Bickle, Capital		117,930.00
8	Karin Bickle, Drawing	13,860.00
9	Fees Earned		297,710.00
10	Wages Expense	94,430.00
11	Rent Expense	71,780.00
12	Utilities Expense	52,100.00
13	Miscellaneous Expense	7,600.00
14	Totals	449,400.00	449,400.00

For preparing the adjusting entries, the following data were assembled:

a.	Fees earned but unbilled on April 30 were $9,950.
b.	Supplies on hand on April 30 were $4,810.
c.	Depreciation of equipment was estimated to be $6,130 for the year.
d.	The balance in unearned fees represented the April 1 receipt in advance for services to be provided. During April, $15,250 of the services were provided.
e.	Unpaid Wages accrued on April 30 were $5,100.

	Required:
1.	Journalize the adjusting entries necessary on April 30, 2016. Refer to the Chart of Accounts for exact wording of account titles.
2.	Determine the revenues, expenses, and net income of Reliable Service & Repairs before the adjusting entries.
3.	Determine the revenues, expenses, and net income of Reliable Service & Repairs after the adjusting entries.
4.	Determine the effect of the adjusting entries on Karin Bickle, Capital.