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(Solved): a) The Green Thumb Lawn Care Company began operations on April 1. At April 30, the trial balance sh ...
a) The Green Thumb Lawn Care Company began operations on April 1. At April 30, the trial balance shows the following balances for selec. -rounts. 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, effective April 1. 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 package of \\( \\$ 600 \\) beginning in April. The company performed services for these customers in April. 5. Lawn services performed for other customers but not recorded at April 30 totaled \\( \\$ 1,500 \\). Instructions 1. Prepare the adjusting entries for the month of April. 2. Prepare the adjusted trial balance