Selected account balances before adjustment for Intuit Realty at November 30, the end of the current year, follow:

	Debits		Credits
Accounts Receivable	$56,780
Equipment	88,000
Accumulated Depreciation - Equipment			$8,740
Prepaid Rent	7,200
Supplies	1,700
Wages Payable			_
Unearned Fees			7,840
Fees Earned			331,600
Wages Expense	111,860
Rent Expense	_
Depreciation Expense	_
Supplies Expense	_

Data needed for year-end adjustments are as follows:

Required:

Supplies on hand at November 30, $510.

Depreciation of equipment during year, $850.

Rent expired during year, $5,220.

Wages accrued but not paid at November 30, $1,650.

Unearned fees at November 30, $3,290.

Unbilled fees at November 30, $3,920.

1. Journalize the six adjusting entries required at November 30, based on the data presented.

2. What would be the effect on the income statement if the adjustments for equipment depreciation and unearned fees were omitted at the end of the year? Enter all amounts as positive numbers.

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