Cash 200 1.700 Unadjusted Trial Balance at April 30, 2010 Debit 5.032 Accounts receivable 1.700 Notes receivable Prepaid expenses Equipment 4.600 Accumulated depreciation Land 750 Accounts payable Wages payable Utilities payable Nors payable Interest payable Income tax payable Unearned revenue Contributed capital Retained earnings Mowing revenue Interest revenue Wages expense 3,900 Pulexpense Insurance expense Utilities expense Depreciation expense Interest expense Income tax expense Total $19.732 1.600 9.000 5.200 410 Additional information follows: a. One-fourth of the $1,600 cash received from the city at the beginning of April for future mowing service has been earned in April. The $1,600 in Unearned Revenues represents four months of service (April through July). b. Insurance costing $300 providing coverage for six months (April through September) paid by Positive Corporation at the beginning of April has been partially used in April. c. Mowers, edgers, rakes, and hand tools (equipment) have been used in April to generate revenues. The company estimates $300 in depreciation each year. d Wages have been paid through Anril 28 Emlavees Accounts receivable Prepaid expenses Accued depre Wapes payable Ube In payable Uncadreme $19.782 $19.792 Additional information follows: a. One-fourth of the $1,600 cash received from the city at the beginning of April for future mowing service has been earned in April. The $1,600 in Unearned Revenues represents four months of service (April through July). b. Insurance costing $300 providing coverage for six months (April through September) paid by Positive Corporation at the beginning of April has been partially used in April. c. Mowers, edgers, rakes, and hand tools (equipment) have been used in April to generate revenues. The company estimates $300 in depreciation each year. d. Wages have been paid through April 28. Employees worked the last two days of April and will be paid in May. Wages accrue at $200 per day. e. An extra telephone line was installed in April at an estimated cost of $52, including hookup and usage charges. The bill will be received and paid in May. f. Interest accrues on the outstanding notes payable at an annual rate of 12 percent. The $3,700 in principal has been outstanding all month. g. The estimated income tax rate for Positive Corporation is 35 percent. Cash 200 1.700 Unadjusted Trial Balance at April 30, 2010 Debit 5.032 Accounts receivable 1.700 Notes receivable Prepaid expenses Equipment 4.600 Accumulated depreciation Land 750 Accounts payable Wages payable Utilities payable Nors payable Interest payable Income tax payable Unearned revenue Contributed capital Retained earnings Mowing revenue Interest revenue Wages expense 3,900 Pulexpense Insurance expense Utilities expense Depreciation expense Interest expense Income tax expense Total $19.732 1.600 9.000 5.200 410 Additional information follows: a. One-fourth of the $1,600 cash received from the city at the beginning of April for future mowing service has been earned in April. The $1,600 in Unearned Revenues represents four months of service (April through July). b. Insurance costing $300 providing coverage for six months (April through September) paid by Positive Corporation at the beginning of April has been partially used in April. c. Mowers, edgers, rakes, and hand tools (equipment) have been used in April to generate revenues. The company estimates $300 in depreciation each year. d Wages have been paid through Anril 28 Emlavees Accounts receivable Prepaid expenses Accued depre Wapes payable Ube In payable Uncadreme $19.782 $19.792 Additional information follows: a. One-fourth of the $1,600 cash received from the city at the beginning of April for future mowing service has been earned in April. The $1,600 in Unearned Revenues represents four months of service (April through July). b. Insurance costing $300 providing coverage for six months (April through September) paid by Positive Corporation at the beginning of April has been partially used in April. c. Mowers, edgers, rakes, and hand tools (equipment) have been used in April to generate revenues. The company estimates $300 in depreciation each year. d. Wages have been paid through April 28. Employees worked the last two days of April and will be paid in May. Wages accrue at $200 per day. e. An extra telephone line was installed in April at an estimated cost of $52, including hookup and usage charges. The bill will be received and paid in May. f. Interest accrues on the outstanding notes payable at an annual rate of 12 percent. The $3,700 in principal has been outstanding all month. g. The estimated income tax rate for Positive Corporation is 35 percent
