- Wages eccrued but not paid at July 31,$4,840, Required: 1. Joumalize the six adjusting...
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- Wages eccrued but not paid at July 31,$4,840, Required: 1. Joumalize the six adjusting enthes roquired af July 31 , based on the data pvesented Refer to the chart of acooumts for the axact wording of the account bties. CNOW joumals do not use lines for joumal explanadons. Every hne on a journal page is usod for dobir or crectr entries. CNOW journats will abtomatically indent a credit entry when a credit amount is entered. 2. What wouid be the effect on the income statement if the acyustments for unbulpt fees and accoued wiges were ornithod ar boe end of the year? 3. What would be the effect on the baiance sheet if the adyustments for unbeled foes and accrued wages were omured at the end of the year? accrued wages wore amitted at the end of the yoar? Supplies Expense Data needed for year-end adjustments are as follows: - Unbilled fees at July 31, \$11,150. - Supplies on hand at July 31, $900. - Rent expired, $6,000. - Dengutsiation of equipment during year, $8.950. - Unearned fees at July 31, \$2,000 - Wages accrued but not paid at Jily 31, 54,840. Selected account balances before adjustment for Atlantic Coast Pealy at July 31, the end of the current year, are as follows
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