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Unadjusted Trial Balance April 30, 2018 Debit Balances Credit Balances Cash Accounts Receivable 13,560 90,050 21,700 Supplies Equipment 463,680 21,160 23,870 55,000 266,000 17,900 Accounts

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Unadjusted Trial Balance April 30, 2018 Debit Balances Credit Balances Cash Accounts Receivable 13,560 90,050 21,700 Supplies Equipment 463,680 21,160 23,870 55,000 266,000 17,900 Accounts Payable Unearned Fees Common Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Miscellaneous Expense 542,490 125,860 96,020 68,900 10,850 908,520 908,520 For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on April 30 were $9,820. Supplies on hand on April 30 were $8,010. Depreciation of equipment was estimated to be $13,560 for the year. The balance in uneared fees represented the April 1 receipt in advance for services to be provided. During April $18,860 of the services was provided. Unpaid wages accrued on April 30 were $1,740. Required: 1. Journalize the adjusting entries necessary on April 30, 2018 Accounts Receivable Fees Earned b. Supplies Expense V Supplies Depreciation Expense ccundulated Depreciation Equipment decoradens d. Unearned Fees Fees Earned o o . Wages Expense Wages Payable Feedback 2. Determine the revenues, expenses, and net income of Reliable Repairs and Service before the adjusting entries. Revenues Expenses Net Income 3. Determine the revenues, expenses, and net income of Reliable Repairs and Service after the adjusting entries. Revenues Expenses Net Income 4. Determine the effect of the adjusting entries on Retained Earnings. Retained Earnings decreases by s

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