Help with adjusting entries.

M N O 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 a 2-year insurance policy, effective April 1. 11 2.Depreciation on the equipment is $500 per month. 12 3. The note payable is dated April 1. It is for 1-year at 12% interest rate. 13 4. $700 of the unearned service revenue was earned in April. 14 5.Lawn services performed for other customers but not recorded at April 30 totaled $1,500. 15 16 Instructions 17 Prepare the adjusting entries for the month of April. Show computations. 18 The entry date for all transactions is 4/30 19 20 GENERAL JOURNAL 21 Date Account Name Debit Credit 22 4/30 Insurance Expense 23 24 Prepaid Insurance 25 26 27 28 29 30 31 32 33 A B + Fnter G H N 0 A B C D E F J K L M 3 4 (LO 2, 3) Evan Watts, D.D.S., opened a dental practice on January 1, 2020. During the first month of operations, the following transactions occurred. 5 6 1. Watts performed services for patients totaling $2,400. These services have not yet been recorded. 7 2.Utility expenses incurred but not paid prior to January 31 totaled $400. 3.Purchased dental equipment on January 1 for $80,000, paying $20,000 in cash and signing a $60,000, 3-year note payable. The equipment 8 depreciates $500 per month. Interest is $600 per month. 9 4.Purchased a one-year malpractice insurance policy on January 1 for $12,000. 10 5.Purchased $2,600 of dental supplies. On January 31, determined that $900 of supplies were on hand. 11 12 Instructions Prepare the adjusting entries on January 31. Account titles are Accumulated Depreciation Equipment, Depreciation Expense, Service Revenue, Accounts Receivable, Insurance Expense, Interest Expense, Interest Payable, Prepaid Insurance, Supplies, Supplies Expense, Utilities 13 Expense. and Utilities Pavable. 14 The entry date for all transactions is 01/31 15 16 GENERAL JOURNAL 17 Date Account Name Debit Credit 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 A B + Ready