Sowed Assignment 2 Ch 4 6 5 Helping Hand Outdoor Services pre-sells yard maintenance packages for the gardening season. During October, the company collects cash from clients for Christmas trees to be delivered in December. Snow removal services are also provided. Helping Hand prepares adjusting entries monthly. The following selected accounts appear on the November 30, 2020, unadjusted trial balance 10 points Account Daarned lav services thened garden hervoor sed now removal services Unearned Christ tree sale Debit Credit $103, 100 36,500 11,900 21.300 Pro Required: Prepare the monthly adjusting journal entries at November 30, 2020, using the following additional Information (if no entry is required for a transaction/event, select "No journal entry required in the first account field.) a. $87,000 of the Uneamed Lawn Services account represents payments received from customers for the 2021 season. The remainder represents fall lawn services actually performed during November 2020. b. $32,000 of the Uneamed Garden Services account had been earned by November 30, 2020. c. $9.250 of the Uneamed Snow Removal Services account remained uneared at November 30, 2020 d. Helping Hand arranges with its customers to deliver trees from December 5 to December 20. As a result, the Unearmed Christmas Tree Sales account will be earned in total by December 20, Materte View transaction for Journal entry worksheet Record the lawn services earned teren Gentilor Dub Credit Dale Nov, 2020 ME GER or , Debit Account Unearned iww services learned garden services Unearned now removal services Unearned Christus tree wales Credit $103, 100 36,500 11,900 21,300 10 points Required: Prepare the monthly adjusting journal entries at November 30, 2020, using the following additional Information. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Book Print a. $87,000 of the Uneamed Lawn Services account represents payments received from customers for the 2021 season, The remainder represents fall lawn services actually performed during November 2020. b. $32,000 of the Uneamed Garden Services account had been earned by November 30, 2020. c. $9.250 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 Unearned Christmas Tree Sales account will be earned in total by December 20. lo References View transaction list X 1 Record the lawn services earned. 2 > 2 Record the garden services earned 3 Record the snow removal Services earned. Record the arrangements made with customers to deliver Christmas trees Cred Note - Journal entry has been entered Record entry Clear entry View general Journal Mr 3 Record the snow removal services earned. - Record the arrangements made with customers to deliver Christmas trees. Credit Note: - Journal entry has been entered Record entry Clear entry View general journal Analysis Component: If the Unearned Lawn Services of $103,100 had been recorded as a revenue when received instead of as a liability, what would the effect have been on the November 30, 2020, financial statements assuming no adjustment was made on November 30, 2020? Liabiti EU by by
