Wages accrued but not paid at July 31, $4,840. Directions: 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