Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows: Data needed for year-end adjustments are as follows: - Unbilled fees at July 31, \$10,650. - Supplies on hand at July 31, \$1,100. - Rent expired, $6,350. - Depreciation of equipment during year, $8,550. - Unearned fees at July 31, \$2,120. - Wages accrued but not paid at July 31, $4,890. Required: 1. Joumalize the sax adjusting entries required at July 31 , based on the data presented. Refer to the chart of accounts for the exact wording of the account bitles. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or crodit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered. 2. What would be the effect on the income stafement 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 foes 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 unbiled fees and accrued wages were omitted at the end of the year? 1. Journalize the six adjusting entries requirod at July 31, based on the data presented. Feler to the chart of accounts for the exact wording of the account tities. CNOW journals do not use lines for joumal explanations. Every line an a journal page is used for debit or crodit ontries. CNOW joumals will automatically indent a credit entry wh. a credit amount is entered. 3. What would be the effect on the balance sheot if the adjustments for unbiled fees and accrued wages were omifted at mhe end of the year? 4. What would be the effect on the Net increase or decrease in cash" on the statement of cash llows if the adjustments for unbilled fees and accrued wages were omitied at the end of the year