JOURNALIZE THE ADJUSTING ENTRIES NECESSARY ON DECEMBER 31 For preparing the adjusting entries, the following data were assembled: A) Supplies on hand on December 31 were $350. Beginning supplies $1,820. B) Fees earned but unbilled on December 31 were $1,750. C) Depreciation of equipment was estimated to be $1,600 for the year. D) Unpaid wages accrued on December 31 were $380. E) The balance in unearned fees represented the December 1 receipt in advance for services to be provided. Only $700 of the services were provided between December 1 and December 31. The Unearned Fees beginning balance on December 1 was $2800. JOURNALIZE THE TWO ENTRIES REQUIRED TO CLOSE THE ACCOUNTS GAIL SABATINI, CAPITAL $842,500 GAIL SABATINI, DARWING 45,000 FEES EARNED 337,900 WAGES EXPENSE 277,500 RENT EXPENSE 54,000 SUPPLIES EXPENSE 14,300 MISCELLANEOUS EXPENSE 16,200