IN ERROR QUESTION DISREGARD!

  Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLEDEBITCREDIT1Cash10,350.00 2Accounts Receivable67,500.00 3Supplies16,200.00 4Equipment166,100.00 5Accounts Payable 15,750.006Unearned Fees 18,000.007Nancy Townes, Capital 171,500.008Nancy Townes, Drawing13,500.00 9Fees Earned 294,750.0010Wages Expense94,500.00 11Rent Expense72,000.00 12Utilities Expense51,750.00 13Miscellaneous Expense8,100.00 14Totals500,000.00500,000.00 For preparing the adjusting entries, the forthcoming facts were assembled: •Fees earned but unbilled on June 30 were $7,380.•Supplies on laborer on June 30 were $2,775.•Depreciation of equipment was estimated to be $11,000 for the year.•The equalize in unearned fees represented the June 1 reception in proceeding for services to be supposing. During June, $16,500 of the services were supposing.•Unpaid hire accrued on June 30 were $3,880. Required:1.Journalize the adjusting entries indispensable on June 30, 2019. Refer to the Chart of Accounts for straight wording of totality titles.2.Determine the produces, expenditures, and net proceeds of Milbank Repairs & Service precedently the adjusting entries.3.Determine the produces, expenditures, and net proceeds of Milbank Repairs & Service behind the adjusting entries.4.Determine the chattels of the adjusting entries on Nancy Townes, Capital. X Chart of Accounts CHART OF ACCOUNTSMilbank Repairs & ServiceGeneral LedgerASSETS11Cash12Accounts Receivable13Supplies14Equipment15Accumulated Depreciation-Equipment LIABILITIES21Accounts Payable22Wages Payable23Unearned Fees EQUITY31Nancy Townes, Capital32Nancy Townes, Drawing33DividendsREVENUE41Fees Earned EXPENSES51Wages Expense52Rent Expense53Supplies Expense54Depreciation Expense56Utilities Expense59Miscellaneous Expense X Journal Shaded cells entertain feedback. 1. Journalize the adjusting entries indispensable on June 30, 2019. How does grading fruit? PAGE 10 JOURNAL ACCOUNTING EQUATION Score: 118/126 DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries      2✔✔ ✔3✔ ✔4✔✔ ✔✔5✔ ✔✔6✔✔ ✔✔7✔ ✔✔8✔✔ ✔9✔ ✔10✔✔ ✔✔11✔ ✔✔ Points: 23.41 / 25 Feedback Check My Work1. Keep in judgment that you get be making an adjusting beginning for each of these that affects at lowest one proceeds proposition totality (produce or expenditure) and one equalize shuffle totality (asset or amenability). As you go through each of these, think twain sides of the proceeding that results in an adjusting beginning and substantiate cognate totalitys. Remember, disgusting opposed categories of adjusting entries include prepaid expenditures (distant expenditures), unearned produces (distant produces), accrued expenditures (accrued liabilities), and accrued produces (accrued possessions) plus the settlement for backbiting expenditure. X Final Questions Shaded cells entertain feedback. 2. Determine the produces, expenditures, and net proceeds of Milbank Repairs & Service precedently the adjusting entries. Question not attempted. Score: 0/12 Before Adjusting Entries1Revenues2Expenses3Net proceeds   Milbank Repairs & Service UNADJUSTED TRIAL BALANCE June 30, 2019 ACCOUNT TITLEDEBITCREDIT1Cash10,350.00 2Accounts Receivable67,500.00 3Supplies16,200.00 4Equipment166,100.00 5Accounts Payable 15,750.006Unearned Fees 18,000.007Nancy Townes, Capital 171,500.008Nancy Townes, Drawing13,500.00 9Fees Earned 294,750.0010Wages Expense94,500.00 11Rent Expense72,000.00 12Utilities Expense51,750.00 13Miscellaneous Expense8,100.00 14Totals500,000.00500,000.00 For preparing the adjusting entries, the forthcoming facts were assembled: •Fees earned but unbilled on June 30 were $7,380.•Supplies on laborer on June 30 were $2,775.•Depreciation of equipment was estimated to be $11,000 for the year.•The equalize in unearned fees represented the June 1 reception in proceeding for services to be supposing. During June, $16,500 of the services were supposing.•Unpaid hire accrued on June 30 were $3,880. Required:1.Journalize the adjusting entries indispensable on June 30, 2019. Refer to the Chart of Accounts for straight wording of totality titles.2.Determine the produces, expenditures, and net proceeds of Milbank Repairs & Service precedently the adjusting entries.3.Determine the produces, expenditures, and net proceeds of Milbank Repairs & Service behind the adjusting entries.4.Determine the chattels of the adjusting entries on Nancy Townes, Capital. X Chart of Accounts CHART OF ACCOUNTSMilbank Repairs & ServiceGeneral LedgerASSETS11Cash12Accounts Receivable13Supplies14Equipment15Accumulated Depreciation-Equipment LIABILITIES21Accounts Payable22Wages Payable23Unearned Fees EQUITY31Nancy Townes, Capital32Nancy Townes, Drawing33DividendsREVENUE41Fees Earned EXPENSES51Wages Expense52Rent Expense53Supplies Expense54Depreciation Expense56Utilities Expense59Miscellaneous Expense X Journal Shaded cells entertain feedback. 1. Journalize the adjusting entries indispensable on June 30, 2019. How does grading fruit? PAGE 10 JOURNAL ACCOUNTING EQUATION Score: 118/126 DATEDESCRIPTIONPOST. REF.DEBITCREDITASSETSLIABILITIESEQUITY1 Adjusting Entries      2✔✔ ✔3✔ ✔4✔✔ ✔✔5✔ ✔✔6✔✔ ✔✔7✔ ✔✔8✔✔ ✔9✔ ✔10✔✔ ✔✔11✔ ✔✔ Points: 23.41 / 25 Feedback Check My Work1. Keep in judgment that you get be making an adjusting beginning for each of these that affects at lowest one proceeds proposition totality (produce or expenditure) and one equalize shuffle totality (asset or amenability). As you go through each of these, think twain sides of the proceeding that results in an adjusting beginning and substantiate cognate totalitys. Remember, disgusting opposed categories of adjusting entries include prepaid expenditures (distant expenditures), unearned produces (distant produces), accrued expenditures (accrued liabilities), and accrued produces (accrued possessions) plus the settlement for backbiting expenditure. X Final Questions Shaded cells entertain feedback. 2. Determine the produces, expenditures, and net proceeds of Milbank Repairs & Service precedently the adjusting entries. Question not attempted. Score: 0/12 Before Adjusting Entries1Revenues2Expenses3Net proceeds