The unadjusted trial balance for Sandhill Designs at its year end, April 30, 2024, is as...

1. 
2. 
   
3.  

Transcribed Image Text:

The unadjusted trial balance for Sandhill Designs at its year end, April 30, 2024, is as follows: Cash Accounts receivable Prepaid rent SANDHILL DESIGNS Trial Balance April 30, 2024 Equipment Debit $12,000 8.200 5.500 24.000 Credit Accumulated depreciation-equipment Accounts payable Notes payable Unearned revenue T. Walker, capital T. Walker, drawings Service revenue 3.800 $6.000 5.000 10.000 1.200 28.670 16.000 Service revenue Salaries expense Interest expense Depreciation expense Additional information: 9,700 920 2,750 $66,870 16,000 $66,870 1. 2. 3. $560 of the unearned revenue is to be recognized because the related gardening services have been provided by April 30, 2024. The equipment has an estimated useful life of eight years. 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. Required Prepare adjusting entries for the month ended April 30,2024 Post the adjusting entries in T-Accounts The unadjusted trial balance for Sandhill Designs at its year end, April 30, 2024, is as follows: Cash Accounts receivable Prepaid rent SANDHILL DESIGNS Trial Balance April 30, 2024 Equipment Debit $12,000 8.200 5.500 24.000 Credit Accumulated depreciation-equipment Accounts payable Notes payable Unearned revenue T. Walker, capital T. Walker, drawings Service revenue 3.800 $6.000 5.000 10.000 1.200 28.670 16.000 Service revenue Salaries expense Interest expense Depreciation expense Additional information: 9,700 920 2,750 $66,870 16,000 $66,870 1. 2. 3. $560 of the unearned revenue is to be recognized because the related gardening services have been provided by April 30, 2024. The equipment has an estimated useful life of eight years. 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. Required Prepare adjusting entries for the month ended April 30,2024 Post the adjusting entries in T-Accounts

Answer rating: 100% (QA)

Prepare the adjusting entries for the month ended April 30 2024 Adjusting entry to recognize the ear... View the full answer