[Kapitano]

السلام عليكم
طلب الله لا يهينكم حل هذا السؤال
I. (6 Points

)
On April 30th, 2010, "X" Company has the following selected accounts before adjusting entries have been prepared for the month of April:

Prepaid insurance
Equipment
Unearned revenue
Service revenue

$ 12,000

280,000

$ 40,000

150,000

Analysis reveals the following additional data:

1. Prepaid insurance is the cost of a one-year insurance policy, effective April 1st, 2010.
2. Depreciation on the equipment is $5,000 per month.
3. 25% of the unearned revenue were performed.
4. Services provided to other customers but not recorded at April 30th, 2010 totaled $15,000.

Required:
Prepare the adjusting entries for the month of April. Show computation.

Adjusting Entries

April 30