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accounting Selected account balances before adjustment for Atlantic Coast Realty at July 31, the...

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Accounting

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accounting
Selected account balances before adjustment for Atlantic Coast Realty at July 31, the end of the current year, are as follows: 2. What would be the effoct on the income statement if the adjustments for unbilied fees and accrued wages were omited at the end of the year? 3. What would be the effect on the balance sheet if the adjustinents for unbiled fees and acenved wages were omited at the end of the year? 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. - Depreciation of equipment during year, $8,950. - Unearned fees at July 31,$2,000. - Wages accrued but not paid at July 31,$4,840

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