Trident Repairs & Service, an electronics repair store, prepared the following unadjusted trial bal- ance at the end of its first year of operations: Trident Repairs & Service Unadjusted Trial Balance November 30, 20Y3 Debit Credit Balances Balances Cash 10,350 Accounts Receivable. 67,500 Supplies.. Equipment.. Accounts Payable Unearned Fees. 16,200 116,100 25,750 18,000 Common Stock 50,000 Retained Earnings 111,500 Dividends 13,500 Fees Earned. 294,750 Wages Expense Rent Expense ... Utilities Expense Miscellaneous Expense 124,500 92,000 51,750 8,100 500,000 500,000 For preparing the adjusting entries, the following data were assembled: • Fees earned but unbilled on November 30 were $7,000. • Supplies on hand on November 30 were $1,300. Depreciation of cquipment was estimatcd to be $7,200 for the ycar. The balance in unearned fees represented the November 1 receipt 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. Instructions 1. Journalize the adjusting entries necessary on November 30, 20Y3. 2. Determine the revenues, expenses, and net income of Trident Repairs & Service before the adjusting entries. 3. Determine the revenues, expense, and net income of Trident Repairs & Service after the adjust- ing entries. 4. Determine the effect of the adjusting entries on Retained Earnings.

The Accounts Recelvable account has a beglnning balance of $24.000 and the company des e $60,000 on account during the month. The ending balance was $18.000 How much did the company receive from customers during the montht O $6,000. O $66,000. O $102,000. O $54,000.

Maple Leafs Construction has the following data for the year ended December 31, Year 1: Accounts receivable (January 1, Year 1) $455,000 Credit sales 900,000 Collections from credit customers 825,000 Customer accounts written off as uncollected 15,000 Allowance for doubtful accounts (after write-off of uncollected accounts) 2,100 Estimated uncollected accounts based on an aging 29,200 analysis (December 31, Year 1) Refer to Maple Leafs Construction. What is the balance of accounts receivable at December 31, Year 1? O $455,000 O $511,900 O $515,000 O $440,000

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information:                                 November 30                               Debit        CreditSupplies                 $2,000Prepaid Insurance    8,000Salaries Payable                     $11,000Deferred Revenue                     3,000The following information is known for the month of December:1. Purchases of supplies during December total $4,500. Supplies on hand at the end of December equal $3,500.2. No insurance payments are made in December. Insurance cost is $2,000 per month.3. November salaries payable of $11,000 were paid to employees in December. Additional salaries for December owed at the end of the year are $16,000.4. On November 1, a tenant paid Golden Eagle $4,500 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount.Required:Show the adjusting entries that…