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Oriole Company provides property management services to a variety of companies. At its fiscal year end on April 30, 2021, adjustments were required for the
Oriole 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 $690 were provided but not recorded or collected. 2. Of the balance in the Unearned Revenue account. $300 of services have been provided. 3. Depreciation expense for the year ended April 30, 2021, was $5,050. 4. Interest of $615 on a note payable had accrued. 5. Prepaid insurance of $445 had expired. 6. Property taxes for the calendar year are payable every year on June 30. The company estimated property taxes for 2021 to be $4,008. Identify the adjustments for which it could be useful to prepare reversing entries. It could be useful to prepare reversing entries for Prepare these reversing entries on May 1, 2021. (Credit account tities 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 for the amounts.) Date Account Titles and Explanation Debit Credit May 1 (To reverse accrued revenue adjusting entry) May 1 (To reverse accrued interest adjusting entry) May 1 (To reverse accrued property tax adjusting entry)
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