https://www.chegg.com/homework-help/questions-and-answers/unadjusted-trial-balance-blossom-year-end-april-30-2021-follows-blossom-trial-balance-apri-q68746604 ( the question is in the image in the link,please do the answer follow...
( the question is in the image in the link,please do the answer follow the data I provide ) (please done w specific explanation especially at part need to calculate)
The unadjusted trial balance for Blossom Designs at its year end, April 30, 2024, is as follows:
BLOSSOM DESIGNSTrial BalanceApril 30, 2024
Debit
Credit
Cash
$11,000
Accounts receivable
8,700
Prepaid rent
4,700
Equipment
23,040
Accumulated depreciationequipment
$5,760
Accounts payable
5,100
Notes payable
12,000
Unearned revenue
1,500
T. Allen, capital
25,520
T. Allen, drawings
4,200
Service revenue
15,000
Salaries expense
9,900
Interest expense
700
Depreciation expense
2,640
$64,880
$64,880
Additional information:
1.
$460 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.
Answer & Explanation
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