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 Depreciation$$Equipment $$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.

$2.$ 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?