Obj. $2,3,4,5$

PR $3-3$A Adjusting entries

Reliable Repairs & Service, an electronics repair store, prepared the following unadjusted trial

balance at the end of its first year of operations:

gENERAL LEDGER

Reliable Repairs & Service

Unadjusted Trial Balance

April $30,2018$

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

Fees earned but unbilled on April $30$ were $$9,850.$

Supplies on hand on April $30$ were $$4,660.$

Depreciation of equipment was estimated to be $$6,470$ for the year.

The balance in unearned fees represented the April $1$ receipt in advance for services to be provided. During

April, $$15,000$ of the services were provided.

Unpaid wages accrued on April $30$ were $$5,200.$

Instructions

Journalize the adjusting entries necessary on April $30,2018.$

Determine the revenues, expenses, and net income of Reliable Repairs & Service before the

adjusting entries.

Determine the revenues, expense, and net income of Reliable Repairs & Service after the

adjusting entries.

Determine the effect of the adjusting entries on Retained Earnings.Obj. $2,3,4,5$

PA $9\mathrm{.}3$A Adjueting entries

Aeltable Repairs & Service

Unadjusted trial Balance

Aprill $30,2018$

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

Fees earned but unbilled on April $30$ were $$9,850.$

Supplies on hand on April $30$ were $$4,660.$