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RCES Blackice Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances for selected accounts: Prepaid Insurance $3,384 Equipment 26,400
RCES Blackice Coffeeshop began operations April 1. At April 30, the trial balance shows the following balances for selected accounts: Prepaid Insurance $3,384 Equipment 26,400 Notes Payable 19,400 Unearned Revenue 4,450 Service Ravenue 1,700 Study Analysis reveals 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 $400 per month. 3. The note payable is dated April 1. It is a 6-month, 6% note. 4. Services delivered to customers but not recorded at April 30 totalled $1,560. 5. Provided $680 of services to customers who had paid at the beginning of the month. Prepare the adjusting entries for the month of April. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Im No. Account Titles and Explanation Debit Credit 1. Depreciation Expense Accumulated Deprecat 2. beredar JUDJE 3. Interest Expense Interest Payable SUOP 5 Ingus
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