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Instructions Chart of Accounts Journal Final Questions Instructions Milbank Repairs & Service, an electronics repair store, prepared the following unadjusted trial balance at the end of its first year of operations: Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2014 ACCOUNT TITLE DEBIT CREDIT 1 Cash 10.550.00 > Accounts Receivable 67,990.00 3 Supplies 16,140,00 BUJUPITTYICIILITES Instructions Chart of Accounts Journal Final Questions Instructions ACCOUNT TITLE DEBIT CREDIT 1 Cash 10,550.00 2 Accounts Receivable 67,990.00 16,140.00 5 Supplies * Equipment 5 Accounts Payable 113,140.00 16,230.00 6 Unearned Fees 17,950.00 7 Nancy Townes, Capital 118,770.00 8 Nancy Townes, Drawing 13,430.00 9. Fees Earned 294,730.00 10 Wages Expense 94,500.00 Instructions Chart of Accounts Journal Final Questions Instructions 5 Accounts Payable 16,230.00 6 Unearned Fees 17,950.00 118,770.00 7 Nancy Townes, Capital 8 Nancy Townes, Drawing 13,430,00 9 Fees Earned 294,730.00 94,500.00 10 Wages Expense 11 Rent Expense 12 Utilities Expense 72,100.00 51,560.00 13 Miscellaneous Expense 8,270.00 14 Totals 447,680.00 447,680.00 Instructions Chart of Accounts Journal Final Questions Instructions Chart of Accounts 6 CHART OF ACCOUNTS Milbank Repairs & Service General Ledger 10 ASSETS REVENUE 11 Cash 41 Fees Earned 12) 12 Accounts Receivable 15 13 Supplies EXPENSES 14 51 Wages Expense 14 Equipment 15 Accumulated Depreciation-Equipment 52 Rent Expense 53 Supplies Expense Ty CMETTES Etructions Chart of Accounts Journal Final Questions ictions Chart of Accounts 11 Cash 41 Fees Earned 12 Accounts Receivable 13 Supplies EXPENSES 14 Equipment 51 Wages Expense 52 Rent Expense 15 Accumulated Depreciation-Equipment 53 Supplies Expense LIABILITIES 54 Depreciation Expense 21 Accounts Payable 56 Utilities Expense 22 Wages Payable 59 Miscellaneous Expense 23 Unearned Fees EQUITY Instructions Chart of Accounts ucun yupo 53 Supplies LIABILITIES 54 Depreci 8 21 Accounts Payable 56 Utilities 59 Miscella 22 Wages Payable 10 23 Unearned Fees 11 12 EQUITY 13 31 Nancy Townes, Capital 14 32 Nancy Townes, Drawing 33 Dividends Check My Work Jual 1. Journalize the adjusting entries necessary on June 30, 2014. Refer to the chart of accounts for the exact wording of the account titles. CN joumal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry w JOURNAL DEBIT CREDIT ASSE POST. REF DATE DESCRIPTION Adjusting Entries 1 2 3 2. Determine the revenues, expenses, and net income of Milbank Repairs & Service before the adjusting entries. Before Adjusting Entries 1 Revenues 2 Expenses

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