Trident Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Trident Repairs & Service UNADJUSTED TRIAL BALANCE November 30, 20Y3 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,350.00 2 Accounts Receivable 67,500.00 3 Supplies 16,200.00 4 Equipment 116,100.00 5 Accounts Payable 25,750.00 6 Unearned Fees 18,000.00 7 Common Stock 50,000.00 8 Retained Earnings 111,500.00 9 Dividends 13,500.00 10 Fees Earned 294,750.00 11 Wages Expense 124,500.00 12 Rent Expense 92,000.00 13 Utilities Expense 51,750.00 14 Miscellaneous Expense 8,100.00 15 Totals 500,000.00 500,000.00

Instructions 2. Determine the revenues, expenses, and net income of Trident Repairs \& Service before the adjusting entries. Question not attempted. 3. Determine the revenues, expenses, and net income of Trident Repairs \& Servico affer the adjusting entries. Question not attempted. 4. Determine the effoct of the adjusting entries on Retained Earnings. The Retained Earnings acoount by Adjusting entries Instructions Chart of Accounts ! Journal ! Final Questions For preparing the adjusting entries, the following data were assembled: - Fees earned but unbilied on November 30 were $7,000 - Supplies on hand on November 30 were $1,300. - Depreciation of equipment was estimated to be $7,200 for the year. - The balance in unearned fees represented the Novernber 1 recept in advance for services to be provided. During November, $13,500 of the services were provided. - Unpaid wages accrued on November 30 were $4,800. Required: 1. Joumalize the adjusting entries necessary on November 30,20Y3. Fefer to the Chart of Acoounts for oxact wording of account titles. 2. Determine the revenues, expenses, and net income of Trident Repairs 8 Service betore the adjusting entries. 3. Determine the revenues, expenses, and net income of Thident Repairs \& Service after the adjusting entries. 4. Defermine the effect of the adjusting entries on Aetained Eamings