Flint Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances...
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Flint Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances for selected accounts: Prepaid Insurance Equipment Notes Payable Unearned Revenue Service Revenue Analysis reveals the following additional data. 1. 2 3. 4. $3,600 25,760 19,200 4,030 1,680 5. Prepaid insurance is the cost of a 2-year insurance policy, effective April 1. Depreciation on the equipment is $460 per month. The note payable is dated April 1. It is a 6-month, 6% note. Services delivered to customers but not recorded at April 30 totalled $1.350. Provided $700 of services to customers who had paid at the beginning of the month. Prepare the adjusting entries for the month of April. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. List all debit entries before credit Flint Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances for selected accounts: Prepaid Insurance Equipment Notes Payable Unearned Revenue Service Revenue Analysis reveals the following additional data. 1. 2 3. 4. $3,600 25,760 19,200 4,030 1,680 5. Prepaid insurance is the cost of a 2-year insurance policy, effective April 1. Depreciation on the equipment is $460 per month. The note payable is dated April 1. It is a 6-month, 6% note. Services delivered to customers but not recorded at April 30 totalled $1.350. Provided $700 of services to customers who had paid at the beginning of the month. Prepare the adjusting entries for the month of April. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter 0 for the amounts. List all debit entries before credit
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Answer rating: 100% (QA)
To prepare the adjusting entries for the month of April we need to consider the additional data provided Based on the information given the following ... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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