Question: Please create the same chart with same amount of boxes The unadjusted trial balance for Blossom Designs at its year end, April 30, 2024, is

 Please create the same chart with same amount of boxes The

unadjusted trial balance for Blossom Designs at its year end, April 30,

2024, is as follows: Additional information: 1. \$520 of the unearned revenue

Please create the same chart with same amount of boxes

The unadjusted trial balance for Blossom Designs at its year end, April 30, 2024, is as follows: Additional information: 1. \$520 of the unearned revenue is to be recognized because the related gardening services have been provided by April 30 , 2024. 2. The equipment has an estimated useful life of eight years. 3. 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. Unearned Revenue \begin{tabular}{ll|} \hline Apr. 30 & \\ \hline Bal. & \\ \hline \end{tabular} Accumulated Depreciation-Equipment Service Revenue Interest Depreciation Expense Interest Expense Prepare closing entries for the year ended. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!