Selected account balances before adjustment for Atlantic Coast Realty at July 31 , the end of the current year, are as follows Dasa meerted for veacend arfastments are as followr Data needed for year-end adustments are as follows - Unbilled fees at July 31, \$10,250 - Supplies on hand at July 31, $710 - Rent expired, $5,700 - Depreciation of equipment duning year, $9,500 - Unearned fees at July 31, \$2,340. - Wages accrued but not paid at July 31; \$4,700. Required: 1. Joumalize the six adjusting entnes required at July 34, based on the data presented Refer fo the chart of accounts for the exact wording of the account fitles. CNOW joumals do not use lines for joumal explanations. Every line on a joumal page is used for debit or credit entries. CNOW joumais will automatically indent a creda enfry when a credit amount is entered 2 What would be the effect on the meome statement if the adjustments for unbilled fees and acerued wages were amited 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 onmited 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 af the adjustrients for unbinled fees and acerted wages were omifted at the end of the year? CHART OF ACCOUNTS Atlantic Coast Realty General Ledger EQUITY 31 Owtici's Equity 32 Withdrawals Journal 1 Joumalize the six adjusting entnes required at July 31 , based on the data presented Refer fo the chart of accounts for the exact wording of the account bties CNOW pourn joumat explanations. Every line on a joumal page is used for debu or credt entres. CWOW joumals wif automaticaly indent a credit entry when a credit amount is enfered joumal explanations Every line on a joumal page is usedt for debit or credit enthes: CNOW poumals wal aufomaticaily indent a credit entry when a creali amount is entered 2. What would be the effect an the income statement if the adustments for unbilled lees and accrued wages were omatfed at the end of the year? 3. What would be the effect on the balance sheet if the adiustments for unbwled fees and aceried wages were omutted at the end af the yoar? 4. What would be the eNect on the 'Net increase or decrease an cash' on the stalement of cash hows if the adpistnents for unbiled fees and docrued wages were omifted at me end of the mar