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The unadjusted trial balance for Sunland Designs at its year end, April 30, 2024, is as follows: Additional information: 1. $520 of the
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The unadjusted trial balance for Sunland Designs at its year end, April 30, 2024, is as follows: Additional information: 1. $520 of the unearned revenue is to be recognized because the related gardening services have been provided by April 30 , 2024 2. The equipment has an estimated useful life of eight years. 3. Interest on the note payable is due on the first day of each month for the previous month's interest. The note payable has a 6% annual interest rate. Date Account Titles Debit Credit Apr. 30 (To record revenue for services provided) Apr. 30 (To record monthly depreciation) Apr. 30 (To accrue interest expense)Step by Step Solution
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