Question: Please help The Green Company started its activities on June 1. At June 30, the trial balance shows the following balances for selected accounts. Prepaid

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The Green Company started its activities on June 1. At June 30, the trial balance shows the following balances for selected accounts. Prepaid Insurance 3 7.200 Machinery 56,000 Fi Notes Payable 40,000 Unearned Service 8400 Revenue Service Revenue 3,600 Analysis reveals the following additional data. 1. Prepaid insurance is the cost of a 2-year insurance policy, effective June 1. 2. Depreciation on the Machinery is $1000 per month. 3. The note payable is dated June 1. It is a 6-month, 10% note. 4. Seven customers paid for the company's 6-month lawn service package of $600 beginning in June. The company performed services for these customers in June. A-Prepare adjusting entries from selected data (4 points) B- Post them to Ledger. (2 points)
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