Analysis reveals the following additional data: a. Prepaid insurance is the cost of...

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Accounting

Analysis reveals the following additional data:
a. Prepaid insurance is the cost of a 2-year insurance policy, effective March 1.
b. Depreciation on the equipment is $600 per month.
c. The note payable is dated March 1. It is a 9-month, 10% note.
d. Nine customers paid for the companys 6 months' lawn service package of $700 beginning in March. The company performed services for these customers in March.
e. Lawn services provided to other customers but not recorded at March 31 totaled $2,000.

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