The unadjusted trial balance for Garden Designs at its year end, April 30, 2024, is as follows:

Additional information:
1. $500 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.

Instructions
a. Garden Designs prepares adjusting entries monthly. Prepare adjusting entries for the month ended April 30, 2024.
b. Post the adjusting entries.
c. Prepare closing entries for the year ended.

Transcribed Image Text:

Cash Accounts receivable Prepaid rent GARDEN DESIGNS Trial Balance April 30, 2024 Debit $11,430 8,780 4,875 Credit