Question Two (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, 2017 Debit Credit Cash $10,000 Accounts Receivable 7,000 Supplies Prepaid Insurance Equipment Notes Payable Unearned Service Revenue 2,600 3,600 28,000 $20,000 4,200 50,200 1,800 Owner, Capital Service Revenue Salaries and Wages Expense Rent Expense 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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Question Two (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, 2017 Debit Credit Cash $10,000 Accounts Receivable 7,000 Supplies Prepaid Insurance Equipment Notes Payable Unearned Service Revenue 2,600 3,600 28,000 $20,000 4,200 50,200 1,800 Owner, Capital Service Revenue Salaries and Wages Expense Rent Expense 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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Question Two (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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