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Question four (10 Marks) The Green Thumb Lawn Care Company began operations on April 1. At April 30, the trial balance shows the following balances

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Question four (10 Marks) The Green Thumb Lawn Care Company began operations on April 1. At April 30, the trial balance shows the following balances for selected accounts. Lawn Care company Trail Balance April 30, 2019 Credit Debit $10,000 7,000 2,600 3,600 28,000 Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Unearned Service Revenue Owner, Capital Service Revenue Salaries and Wages Expense Rent Expense $20,000 4,200 50,200 1,800 7,000 18,000 $76,200 $76,200 Analysis reveals the following additional data: 1. Prepaid insurance is the cost of a 2-year insurance policy, effective April 1. 2. The equipment has a 7-year life with no salvage value. 3. On April 30, $900 of supplies were on hand. 4. Utility expenses incurred but not paid prior to April 30 totaled $400. 5. $1,000 of unearned service revenue remains unearned at the end of the month. Instructions: Prepare the adjusting entries for the month of April. Show computations

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