2:27 cricket • v2.cengagenow.com/ Adjusting entries and errors Instructions Chart of Accounts Journal Instructions At the end of April, the first month of operations, the following selected data were...

Extracted text: 2:27 cricket • v2.cengagenow.com/ Adjusting entries and errors Instructions Chart of Accounts Journal Instructions At the end of April, the first month of operations, the following selected data were taken from the く financial statements of Shelby Crawford, an attorney: Net income for April $120,000 Total assets at April 30 750,000 Total liabilities at April 30 300,000 Total owner's equity at April 30 450,000 In preparing the financial statements, adjustments for the following data were overlooked: • Supplies used during April, $2,750. • Unbilled fees earned at April 30, $23,700. • Depreciation of equipment for April, $1,800. • Accrued wages at April 30, $1,400. Required: 1. Journalize the entries on April 30 to record the omitted adjustments. Refer to the Chart of Accounts for exact wording of account titles. 2. Determine the correct amount of net income for April and the total assets, liabilities, and owner's equity at April 30. Lצ