Crazy Mountain Outfitters Co., an outfitter store for fishingtreks, prepared the following unadjusted trial balance at the endof its first year of operations: Crazy Mountain Outfitters Co.Unadjusted Trial Balance April 30, 20Y5 Debit Balances CreditBalances Cash 12,960 Accounts Receivable 86,070 Supplies 20,740Equipment 441,370 Accounts Payable 20,220 Unearned Fees 22,810Common Stock 55,000 Retained Earnings 250,000 Dividends 17,110 FeesEarned 518,500 Wages Expense 120,290 Rent Expense 91,770 UtilitiesExpense 65,850 Miscellaneous Expense 10,370 866,530 866,530 Forpreparing the adjusting entries, the following data were assembled:Supplies on hand on April 30 were $7,660. Fees earned but unbilledon April 30 were $9,380. Depreciation of equipment was estimated tobe $12,960 for the year. Unpaid wages accrued on April 30 were$1,660. The balance in unearned fees represented the April 1receipt in advance for services to be provided. Only $18,020 of theservices was provided between April 1 and April 30. Required:

1. Journalize the adjusting entries necessary on April 30, 20Y5.If an amount box does not require an entry, leave it blank.

2. Determine the revenues, expenses, and netincome of Crazy Mountain Outfitters Co. before the adjustingentries.

3. Determine the revenues, expenses, and netincome of Crazy Mountain Outfitters Co. after the adjustingentries.

4. Determine the effect of the adjustingentries on Retained Earnings.
Retained Earnings