Trident Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations:

Trident Repairs & Service

UNADJUSTED TRIAL BALANCE

November 30, 20Y3

	ACCOUNT TITLE	DEBIT	CREDIT
1	Cash	10,140.00
2	Accounts Receivable	67,920.00
3	Supplies	15,710.00
4	Equipment	116,740.00
5	Accounts Payable		15,900.00
6	Unearned Fees		17,920.00
7	Common Stock		12,000.00
8	Retained Earnings		107,800.00
9	Dividends	13,440.00
10	Fees Earned		295,870.00
11	Wages Expense	94,410.00
12	Rent Expense	71,690.00
13	Utilities Expense	51,490.00
14	Miscellaneous Expense	7,950.00
15	Totals	449,490.00	449,490.00

For preparing the adjusting entries, the following data were assembled:

	Fees earned but unbilled on November 30 were $9,440.
	Supplies on hand on November 30 were $5,130.
	Depreciation of equipment was estimated to be $6,200 for the year.
	The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November, $15,280 of the services were provided.
	Unpaid Wages accrued on November 30 were $5,230.

	Required:
1.	Journalize the adjusting entries necessary on November 30, 20Y3. Refer to the Chart of Accounts for exact wording of account titles.
2.	Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries.
3.	Determine the revenues, expenses, and net income of Trident Repairs & Service after the adjusting entries.
4.	Determine the effect of the adjusting entries on Retained Earnings.

2. Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries.

Before Adjusting Entries

1	Revenues
2	Expenses
3	Net income

3. Determine the revenues, expenses, and net income of Trident Repairs & Service after the adjusting entries.

After Adjusting Entries

1	Revenues
2	Expenses
3	Net income

4. Determine the effect of the adjusting entries on Retained Earnings.

The Retained Earnings account by ________