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Problem 3-3A Preparing adjusting entries (monthly)-unearned revenues LO4 Helping Hand Outdoor Services pre-sells yard maintenance packages for the gardening season. During October cash from clients
Problem 3-3A Preparing adjusting entries (monthly)-unearned revenues LO4 Helping Hand Outdoor Services pre-sells yard maintenance packages for the gardening season. During October cash from clients for Christmas trees to be delivered in December. Snow removal services are also provided. Hel adjusting entries monthly. The following selected accounts appear on the November 30, 2020, unadjusted trial b Debit Account Unearned lawn services Credit $ 92,100 35,500 10,900 Unearned garden services Unearned snow removal services Unearned Christmas tree sales 20,300 Required: Prepare the monthly adjusting journal entries at November 30, 2020, using the following additional information. for a transaction/event, select "No journal entry required" in the first account field.) a. $77,000 of the Unearned Lawn Services account represents payments received from customers for the 2021 remainder represents fall lawn services actually performed during November 2020. b. $31,500 of the Unearned Garden Services account had been earned by November 30 2020. c. $8,750 of the Unearned Snow Removal Services account remained unearned at November 30, 2020. d. Helping Hand arranges with its customers to deliver trees from December 5 to December 20. As a result, the Tree Sales account will be earned in total by December 20. View transaction list
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