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MyCC Library English (en) Using the partial Unadjusted Trial Balance at April 30, 2019 below prepare the monthly adjusting journal entries in proper general journal form for the below transactions. Please record your answers in the journal entry table provided Cr. $ Account Title Prepaid Insurance Notes Receivable Shop Supplies Vehicle Accumulated Depreciation - Vehicle Unearned Service Revenue Notes Payable Dr. $ 1,200.00 2,500.00 1,000.00 25,000.00 9,400.00 18,000.00 11,000.00 a) The remaining balance in Prepaid Insurance is for a six month insurance policy purchased for $1,800, and in effect on February 1, 2019. b) The shop supplies were counted at month end and revealed $550 remained on hand. C) A company vehicle was purchased on January 1, 2018 for $25,000 and has an estimated useful life of 5 years. At the end of the 5 years it is estimated to have a salvage value of $1,000. Depreciation is calculated using the straight-line method. d) October 1, 2018 the Company received a $12,000 loan from the bank. The loan is payable on the maturity date of September 30, 2019. Interest is accrued at 2% per month and paid on the 1st of the following month, On April 16, 2019 an early payment of $1,000 was paid against the loan ere to search BE 9 * hp

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