Exercise 1: (30 pts) - Adjusting Entries Julie Szo opened Green Tree Lawn Care Company on April 1, 2021. At April 30, 2021, the trial balance is as follows: Analysis reveals the following additional data for the month: 1. Prepaid insurance is the cost of a 12-month insurance policy that started April 1. 2. Supplies costing $225 were on hand on April 30. 3. The equipment is expected to have a useful life of four years. 4. The note payable is dated April 1. It is a six-month, 4% note with interest payable on the first of each month starting on May 1. 5. Seven customers paid for the company's six-month lawn service package of $600, beginning in April. These customers were served in April. 6. Lawn services performed for other customers but not billed or recorded at April 30 totaled $1,500. Instructions a. Prepare the adjusting entries for the month of April. Show calculations. b. Prepare T accounts for the accounts affected by the adjusting entries. Post the adjusting entries to the T accounts. c. Prepare an adjusted trial balance at April 30, 2021. d. Prepare an income statement, statement of owner's equity, and balance sheet.)Bonus) HORARIOD. Exercise 1: (30 pts) - Adjusting Entries Julie Szo opened Green Tree Lawn Care Company on April 1, 2021. At April 30, 2021, the trial balance is as follows: NOORAFLOD. In ASPE, the main id for the and for intangible long-lived assets. But private Demonstration Problem Julie Se opened Green Tree Lawn Care Company Agell 1, 2021. Apell, 2012, the trial GREEN TREE LAWN CARE COMPANY April 30, 3032 Notes payable Analysis as the following additional data for the 2. Supposting $225 were on hand on April 30 of each month starting May 1. April. These customers were served in Apel Lawn servis performed for other custo Instructions a. Prepare the adjusting entries for the month of April Show calculation Demonstration Problem 3-27