Question: the red one is saying that what input in for that line is wrong, can somebody tell me why and what do i need to

the red one is saying that what input in for that line is wrong, can somebody tell me why and what do i need to put in  the red one is saying that what input in for that
line is wrong, can somebody tell me why and what do i
need to put in For preparing the adjusting entries, the following data
were assembled: - Fees earned but unbilled on November 30 were $10,500.

For preparing the adjusting entries, the following data were assembled: - Fees earned but unbilled on November 30 were $10,500. - Supplies on hand on November 30 were $1,175. - Depreciation of equipment was estimated to be $9,500 for the year. - The balance in unearned fees represented the November 1 receipt in advance for services to be provided. During Novemb $16,800 of the services were provided. - Unpaid wages accrued on November 30 were $2,400. Required: 1. Journalize the adjusting entries necessary on November 30,20ra 2. Determine the revenues, expenses, and net income of Roliable Repairs 8 Service bofore the adfusting entries. 3. Determine the revenues, expenses, and net income of Riliable Repairs s Sorvice after the adjusting entries. 4. Determine the effect of the adjusting entries on Retained Eamings. Reliable Repairs \& Service, an electronics repair store, prepared the following unadjusted trial balance on November 30,20y3 : Reliable Repairs \& Service

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!