Question
The unadjusted trial balance for Wildhorse Designs at its year end, April 30, 2024, is as follows: Additional information: 1. $440 of the unearned revenue
The unadjusted trial balance for Wildhorse Designs at its year end, April 30, 2024, is as follows:
Additional information:
1. $440 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 months interest. The note payable has a 6% annual interest rate.
**PLEASE HELP ME WITH ALL OF THESE QUESTIONS!! IM STUCK ON ALL OF THEM AND I GOT MOST OF IT INCORRECT!!**
Wildhorse Designs prepares adjusting entries monthly. Prepare adjusting entries for the month ended April 30, 2024. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Post the adjusting entries. (Post entries in the order of journal entries presented in the previous part.) Interest Expense titles and enter 0 for the amounts. List all debit entries before credit entries.) Apr. 30 (To close Drawings account)Step by Step Solution
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