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PRINTER VERSION BACK NEXE Questions Backie Coffeeshop began operation April 1. At April 30, the trial balance shows the following balances for selected accounts Prepaid
PRINTER VERSION BACK NEXE Questions Backie Coffeeshop began operation April 1. At April 30, the trial balance shows the following balances for selected accounts Prepaid Insurance $3,312 Equipment 29,600 Notes Payable 19,400 Unearned Revenue 3,990 Service Revenue 1,600 dy Analysis wveals the following additional data 1. Prepaid insurance is the purchase cost of a 2 year insurance policy, effective April 1. 2 Depreciation on the equipment is $390 per month 3. The note payable is dated April 1. It is a 6-month, note 4. Servket delivered to customers but not recorded at April 30 totalled $1,400 5. Provided $600 of services to customers who had paid at the beginning of the month Prepare the adjusting entries for the month of April. (Credit account bites are automatically indented when the amount is entered. Do not indent mandalyer no entry is required. select "No Entry for the account titles and enter for the amounts List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 1. Insurance Expense Prepaid Insurance 2. DIE Accumulated Depreciation
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