The unadjusted trail balance Garden Designs at its month end, April 30, 2014, is as follows: Additional
Question:
The unadjusted trail balance Garden Designs at its month end, April 30, 2014, is as follows:
Additional information:
1. $500 of the unearned revenue has been earned by April 30, 2014.
2. On April 1, the company paid $4,875 rent in advance for April 1 to August 31.
3. The equipment has an estimated useful life of eight years.
4. Interest on the note payable is due on the first day of each month for the previous month's interest. The note payable has a 6% annual interest rate.
Instructions
(a) Prepare adjusting entries for the month ended April 30, 2014.
(b) Prepare closing entries?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting Principles Part 1
ISBN: 978-1118306789
6th Canadian edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow
Question Posted: