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The Green Thumb Lawn Care Company began operations on April 1. A Balance shows the following balances for selected accounts. Prepaid Insurance $3,600 Equipment 28,000
The Green Thumb Lawn Care Company began operations on April 1. A Balance shows the following balances for selected accounts. Prepaid Insurance $3,600 Equipment 28,000 Notes Payable 20,000 Unearned Service Revenue 4,200 Service Revenue 1,800 Analysis reveals the following additional data. 1. Prepaid insurance is the cost of a 2-year insurance policy, effe 2. Depreciation on the equipment is $500 per month. 3. The note payable is dated April 1. It is a 6-month, 12% note. 4. Seven customers paid for the company's 6-month lawn service April. The company performed services for these customers in 5. Lawn services performed for other customers but not recorded Prepare the adjusting entries for the month of April
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