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

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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, 2013 ACCOUNT TITLE CROT CU 10 WWW CSODO BA 112.500 Meow 40.00 18.00 100 3 Supplies 16,590.00 4 Equipment 112,610.00 5 Accounts Payable 15,540.00 6 Unearned Fees 18,360.00 7 Common Stock 11,500.00 & Retained Earnings 109.150.00 9 Dividends 13,540.00 10 Fees Earned 291,750.00 11 Wages Expense 94,050.00 12 Rent Expense 72.120.00 13 Utilities Expense 51,730.00 14 Miscellaneous Expense 7,960.00 15 Totals 446,300.00 446,300.00 For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on November 30 were $10,310 Supplies on hand on November 30 were $4,550. Depreciation of equipment was estimated to be 56,180 for the year The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During November, $15,030 of the services were provided Unpaid Wages accrued on November 30 were $5,070 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 Eamings Final Que 2. Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries. Before Adjusting Entries 1 Revenues 2 Expenses 5 Net income 3. Determine the revenues, expenses, and net income of Trident Repairs & Service after the adjusting entries. After Adjusting Entries 1 Revenues ? Expenses 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

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