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Question 2 of 3 View Policies < Current Attempt in Progress -/10 Blackice Coffeeshop began operations April 1. At April 30, the trial balance
Question 2 of 3 View Policies < Current Attempt in Progress -/10 Blackice Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances for selected accounts: Prepaid Insurance $3,648 Equipment 29,000 Notes Payable 22,000 Unearned Revenue 4,170 Service Revenue 1,640 Analysis reveals the following additional data. 1. 2. 3. Prepaid insurance is the purchase cost of a 2-year insurance policy, effective April 1. Depreciation on the equipment is $480 per month. The note payable is dated April 1. It is a 6-month, 6% note. 4. 5. Services delivered to customers but not recorded at April 30 totalled $1,570. Provided $500 of services to customers who had paid at the beginning of the month
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