Becky's Car Detailing Services has chosen to prepare reversing entries. Prepare necessary reversing entries in May $2027.$ They do not need to be posted.

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74 82 83 0 1 2 Additional Information: 73 1. 74 75 Required: 76 1. 77 78 2. 79 3. 80 81 84 85 86 87 4. 88 5. 89 90 6. 91 7. 92 8. 93 94 95 96 A 97 fx Σ = B C Annual payments of $2,000 are required on the note. D E Journalize and post the Apr transactions. Becky's Car Detailing Services records all prepaid expenses and unearned revenues as assets and liabilities Prepare an unadjusted trial balance at April 30, 2027. Journalize and post the following adjustments a. Earned and unbilled fees at Apr 30, 2027 were $1,500. b. The truck has an estimated useful life of four years and no residual value. C. The insurance policy is effective Apr 1, 2027 and expires on March 31, 2028 d. An inventory count shows $375 of cleaning supplies on hand at Apr 30, 2027. e. At Apr 30. 2027, $1,000 of the fees collected in advance have been earned. f. Accrued but unpaid employee salaries were $400. g. The note payable has a 6% annual interest rate. Prepare an adjusted trial balance at Apr 30, 2027. Prepare in good form an Income Statement, Statement of Owner's Equity and a Classified Balance Sheet for the month ended Apr 30, 2027. Journalize and post the closing entries. Prepare a post closing trial balance at Apr 30, 2027. Becky's Car Detailing Services has chosen to prepare reversing entries. Prepare necessary reversing entries in May 2027. They do not need to be posted. F 74 82 83 0 1 2 Additional Information: 73 1. 74 75 Required: 76 1. 77 78 2. 79 3. 80 81 84 85 86 87 4. 88 5. 89 90 6. 91 7. 92 8. 93 94 95 96 A 97 fx Σ = B C Annual payments of $2,000 are required on the note. D E Journalize and post the Apr transactions. Becky's Car Detailing Services records all prepaid expenses and unearned revenues as assets and liabilities Prepare an unadjusted trial balance at April 30, 2027. Journalize and post the following adjustments a. Earned and unbilled fees at Apr 30, 2027 were $1,500. b. The truck has an estimated useful life of four years and no residual value. C. The insurance policy is effective Apr 1, 2027 and expires on March 31, 2028 d. An inventory count shows $375 of cleaning supplies on hand at Apr 30, 2027. e. At Apr 30. 2027, $1,000 of the fees collected in advance have been earned. f. Accrued but unpaid employee salaries were $400. g. The note payable has a 6% annual interest rate. Prepare an adjusted trial balance at Apr 30, 2027. Prepare in good form an Income Statement, Statement of Owner's Equity and a Classified Balance Sheet for the month ended Apr 30, 2027. Journalize and post the closing entries. Prepare a post closing trial balance at Apr 30, 2027. Becky's Car Detailing Services has chosen to prepare reversing entries. Prepare necessary reversing entries in May 2027. They do not need to be posted. F

Answer rating: 100% (QA)

To prepare the necessary reversing entries for Beckys Car Detailing Services in May 2027 we should look at the adjusting entries made at the end of Ap... View the full answer