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iew Policies how Attempt History urrent Attempt in Progress Sandhill Company provides property management services to a variety of companies. At its fiscal year end

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iew Policies how Attempt History urrent Attempt in Progress Sandhill Company provides property management services to a variety of companies. At its fiscal year end on April 30, 2021, adjustments were required for the following items: 1. Services of $640 were provided but not recorded or collected. 2. Of the balance in the Unearned Revenue account, $340 of services have been provided. 3. Depreciation expense for the year ended April 30, 2021, was $5, 150. 4. Interest of $545 on a note payable had accrued. 5. Prepaid insurance of $485 had expired. Property taxes for the calendar year are payable every year on June 30. The company estimated property taxes for 2021 to 6. be $4,008. Your answer is incorrect. Identify the adjustments for which it could be useful to prepare reversing entries. It could be useful to prepare reversing entries for adjustments 2, 4, and 6 v eTextbook and Media- Your answer is partially correct. Prepare these reversing entries on May 1, 2021. (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.) Date Account Titles and Explanation Debit Credit May 1 Service Revenue 340 Unearned Revenue 340 (To reverse accrued revenue adjusting entry) May 1 Interest Payable 545 Interest Expense 545 (To reverse accrued interest adjusting entry) May 1 Prepaid Insurance 485 Insurance Expense 485 (To reverse accrued property tax adjusting entry) eTextbook and Media Assistance Used List of Accounts

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