Analysis Component:
What is the purpose of recording depreciation? If depreciation is not recorded,
how would the income statement be affected?
Problem 3-3A Preparing adjusting entries (monthly)—unearned
revenues LO4
Helping Hand Outdoor Services pre-sells yard maintenance packages for the
gardening season. During October, the company collects cash from clients for
Christmas trees to be delivered in December. Snow removal services are also
provided. Helping Hand prepares adjusting entries monthly. The following
selected accounts appear on the November 30, 2023, unadjusted trial balance: *Required
*Prepare the monthly adjusting journal entries at November 30, 2023, using the
following additional information.

a. $86,000 of the Unearned Lawn Services account represents payments received
from customers for the 2024 season. The remainder represents fall lawn
services actually performed during November 2023.
b. $31,950 of the Unearned Garden Services account had been earned by
November 30, 2023.
c. $9,200 of the Unearned Snow Removal Services account remained unearned at
November 30, 2023.
d. Helping Hand arranges with its customers to deliver trees from December 5 to
December 20. As a result, the Unearned Christmas Tree Sales account will be
earned in total by December 20.