Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows:

	Debits	Credits
Accounts Receivable	$ 73,600
Equipment	346,600
Accumulated DepreciationEquipment		$107,000
Prepaid Rent	8,550
Supplies	3,090
Wages Payable
Unearned Fees		11,000
Fees Earned		672,400
Wages Expense	337,500
Rent Expense
Depreciation Expense
Supplies Expense

Data needed for year-end adjustments are as follows:

	Unbilled fees at July 31, $10,250.
	Supplies on hand at July 31, $710.
	Rent expired, $5,700.
	Depreciation of equipment during year, $9,500.
	Unearned fees at July 31, $2,340.
	Wages accrued but not paid at July 31, $4,700.

	Required:
1.	Journalize the six adjusting entries required at July 31, based on the data presented. Refer to the Chart of Accounts for exact wording of account titles.
2.	What would be the effect on the income statement if the adjustments for unbilled fees and accrued wages were omitted at the end of the year?
3.	What would be the effect on the balance sheet if the adjustments for unbilled fees and accrued wages were omitted at the end of the year?
4.	What would be the effect on the Net increase or decrease in cash on the statement of cash flows if the adjustments for unbilled fees and accrued wages were omitted at the end of the year?