
Analysis reveals the following additional data. 1. Prepaid insurance is the cost of a 2-year insurance...
The Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance Equipment Notes Payable Unearned Service Revenue Service Revenue $3,600 27,000 18,000 4,200 1,800 Analysis reveals the following additional data. 1.Prepaid insurance is the cost of a 4-year insurance policy, effective April 1. 2.Depreciation on the equipment is $400 per month. 3.The note payable is dated April 1. It is a 6-month, 10% note. 4.Eight customers paid...
The Blew Lawn Care Inc. began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance $3,600 Equipment 28,000 Notes Payable 20,000 Unearned Service Revenue 4,200 Service Revenue 1,800 Analysis reveals the following additional data. Prepaid insurance is the cost of a 2-year insurance policy, effective April Depreciation on equipment is $500 per month. The note payable is dated April 1, it is a 6-month, 12% note. Seven customers paid for the company’s 6-month lawn service package...
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Question #1: Use FSET to record adjusting entries on April 30th Terry Thomas and a group of investors incorporate the Green Thumb Lawn Care Corporation on April 1. At April 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance $ 3,600 Equipment 28,000 Notes Payable 20,000 Unearned Service Revenue 4,200 Service Revenue 1,800 Analysis reveals the following additional data pertaining to these accounts....
Help with adjusting entries.
M N O А B C D E F H K L 1 (LO 2, 3) The Blue Thumb Lawn Care Company began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. 2 3 Prepaid Insurance 3,600 4 Equipment 28,000 5 Notes Payable 20,000 6 Unearned Service Revenue 4,200 7 Service Revenue 1,800 8 9 Analysis reveals the following additional data. 10 1.Prepaid insurance is the cost of...
RCES Blackice Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances for selected accounts: Prepaid Insurance $3,384 Equipment 26,400 Notes Payable 19,400 Unearned Revenue 4,450 Service Ravenue 1,700 Study Analysis reveals the following additional data. 1. Prepaid insurance is the purchase cost of a 2-Year insurance policy, effective April 1. 2. Depreciation on the equipment is $400 per month. 3. The note payable is dated April 1. It is a 6-month, 6% note. 4....
valable in you in Debit Credit Cash $ 6,850 Accounts Receivable 7.000 Supplies 1.982 Prepaid Insurance 3,360 Equipment 15.000 Accounts Payable 54220 Unearned Service Revenue 5.200 21.982 Common Stock Service Revenue 3.300 Salaries and Wages Expense 4000 Rent Expense 1,510 $39.702 $39.702 Ination to those accounts listed on the trebalance, the chart of accounts for Thomas also contains the following accounts Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense Insurance Expense, ilities Expenses and Supplies Expense Other data: 1....
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Supplies Prepaid Insurance Equipment Unearned Service Revenue 2.640 25,500 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $330 per month 2. Supplies on hand total $955. 3. The equipment depreciates $170 per month 4 During March, services were performed for two-fifths of the unearned service revenue Prepare the adjusting entries for the month of March ( no entry is required, select 'No Entry for the account titles and enter for the amounts Credit...
Credit Cash Accounts Receivable Debit $ 6,850 7,000 1,982 3,180 15,000 Supplies Prepaid Insurance Equipment Accounts Payable Unearned Service Revenue Common Stock Service Revenue Salaries and Wages Expense Rent Expense $ 4,245 5,200 21,982 8,300 4,000 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation-Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. 2. 3....
Debit Credit Cash $6,850 Accounts Receivable 7,000 Supplies 1,982 Prepaid Insurance 3,180 Equipment 15,000 Accounts Payable $ 4,245 Unearned Service Revenue 5,200 Common Stock 21,982 Service Revenue 8,300 Salaries and Wages Expense 4,000 Rent Expense 1,715 $39,727 $39,727 In addition to those accounts listed on the trial balance, the chart of accounts for Richard also contains the following accounts: Accumulated Depreciation Equipment, Salaries and Wages Payable, Depreciation Expense, Insurance Expense, Utilities Expense, and Supplies Expense. Other data: 1. Supplies on...