Journalize and post the Apr transactions. Becky's Car Detailing Services records all prepaid expenses and unearned revenues as assets and liabilities Prepare an unadjusted trial balance at April 30, 2027.

Journalize and post the following adjustments

Eamed and unbilled fees at Apr 30, 2027 were $1.500.

The truck has an estimated useful life of four years and no residual value.

The insurance policy is effective Apr 1, 2027 and expires on March 31,2028

An inventory count shows $375 of cleaning supplies on hand at Apr 30, 2027.

At Apr 30. 2027, $1,000 of the fees collected in advance have been earned.

Accrued but unpaid employee salaries were $400.

The note payable has a 6% annual interest rate.

1. Prepare an adjusted trial balance at Apr 30, 2027.

2. Prepare in good form an income Statement, Statement of Owner's Equity and a Classified Balance Sheet for the month ended Apr 30, 2027

3. Journalize and post the closing entries.

4. Prepare a post closing trial balance at Apr 30, 2027.

Becky's Car Detailing Services has chosen to prepare reversing entries. 5. Prepare necessary reversing entries in May 2027.

They do not need to be posted.

Schoo Micr X o Mail x Sear X C Exce X x ACC X x Boo X G https://algonquinlivecom-my.sharepoint.com/:x:/r/personal/katt0007_algonquinlive_com/_layou X ACC2201_Assignment 4 Search for tools, help File Home Insert Share Page Layout Formulas Data Review View Automate Arial 12 A ab General Paste B U % upboard Font Alignment Number E20 52 Assignment #4 - The Accounting Cycle - Review - 100 Marks 54 Comprehensive Question- Becky's Car Detailing Services Becky Jones opened Becky's Car Detailing Services on April 1. 2027. In Apr. the following transactions were completed. se Apr-01 Invested $14,000 cash in the business 1 Purchased a used truck for $26,400. paying $6.400 cash and signing a note payable for the balance 60 1 Collected $3,000 from XYZ for their car detailing needs for Apr, May and June. 3 Purchased cleaning supplies on account for $850 5 Paid $1,800 on a one-year insurance policy, effective Apr 12 Billed customers $3,800 for car detailing services 18 Paid $400 of amount owed on cleaning supplies 20 Paid $1,600 for employee's salaries 21 Collected $1,400 from customers billed on Apr 12 67 25 Billed customers for $3,000 for car detailing services 30 Paid gas and oil for the month on the truck $350 30 Withdrew $1,600 to pay personal property taxes 72 Additional Information: Annual payments of $2,000 are required on the note. 75 Required: 76 1. Journalize and post the Apr transactions. Becky's Car Detailing Services records all prepaid expenses 77 and unearned revenues as assets and liabilities 78 2 Prepare an unadjusted trial balance at April 30. 2027. 79 3 Journalize and post the following adjustments Earned and unbilled fees at Apr 30, 2027 were $1,500. The truck has an estimated useful life of four years and no residual value. 82 C. The insurance policy is effective Apr 1, 2027 and expires on March 31, 2028 83 d. An inventory count shows $375 of cleaning supplies on hand at Apr 30, 2027 At Apr 30. 2027, $1.000 of the fees collected in advance have been earned. Accrued but unpaid employee salaries were $400. 86 The note payable has a 0% annual interest rate. 87 4 Prepare an adjusted trial balance at Apr 30, 2027. 38 5 Prepare in good form an Income Statement. Statement of Owner's Equity and a Classified Balance Sheet a9 for the month ended Apr 30, 2027. 90 6. Journalize and post the closing entries. 91 7 Prepare a post closing trial balance at Apr 30. 2027. 92 2 Becky's Car Detailing Services has chosen to prepare reversing entries. Prepare necessary reversing entries in May 2027. 93 They do not need to be posted. 94 95 96 97 Question and Rubric Check Figures and Hints and Tip GL Credit balances illustrated Chart Workbook Statistics W Type here to search O