All Hearing is owned by Annie Howell and provides hearing aids and other auditory services. At the end of April 2022, the company had the following adjustments.
Apr 30 Interest on the bank loan is set at 7%; one month of interest has accrued.
Apr 30 The balance of prepaid rent is for the remaining 6 months of the lease; one month of rent has been used.
Apr 30 The equipment was purchased three months prior at the beginning of the month and will have a useful life of 7 years, after which it will have residual value of $1,060. Depreciation is recorded every month. Record depreciation for April.
Apr 30 All Hearing completed $510 of work that was previously unearned.
Apr 30 Auditory services were provided in the month for $1,150 and the customer will pay next month.
Required
Using the following trial balance, complete the adjustments and the adjusted trial balance in the worksheet.
