Question: For preparing the adjusting entries, the following data were assembled: Fees earned but unbilled on June 30 were $7,380. Supplies on hand on June 30

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

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

Fees earned but unbilled on June 30 were $7,380.

Supplies on hand on June 30 were $2,775.

Depreciation of equipment was estimated to be $11,000 for the year.

The balance in unearned fees represented the June 1 receipt in advance for services to be provided. During June, $16,500 of the services were provided.

Unpaid wages accrued on June 30 were $3,880.

Please complete the following:

1) 10-column worksheet

2) journalize the adjustments entries

3) Prepare an Income Statement

4) Prepare a Statement of Owner's Equity

5) Prepare a Balance sheet

Cash......... Accounts Receivable.. Supplies......... Equipment.... Accounts Payable. ****** Unearned Fees.... Nancy Townes, Capital... Nancy Townes, Drawing.. Fees Earned....... Wages Expense... Rent Expense... Utilities Expense.. Miscellaneous Expense.. Milbank Repairs & Service Unadjusted Trial Balance June 30, 20Y4 Debit Balances 10,350 67,500 16,200 166,100 13,500 94,500 72,000 51,750 8,100 500,000 Credit Balances 15,750 18,000 171,500 294,750 500,000

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