1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 9). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.
2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10-12).
3. Review the adjusted 'Trial Balance' as ofDecember 31, 2024.
4. Prepare an income statement for the period endedDecember 31, 2024, in the 'Income Statement' tab.
5. Prepare a classified balance sheet as ofDecember 31, 2024in the 'Balance Sheet' tab.
6. Record the closing entries in the 'General Journal' tab (these are shown as items 13-15)
The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 12 Provide services to custoners on account, $75,400. 2. February 25 Provide services to custoners for cash, \$81, 800. 3. Harch 19 collect on accounts receivable, \$47, 060. 4. Apr11 30 Issue shares of conmon stock in exchange for 543,000 cash. 5. June 16 Purchase supplies on account, $14,706. 6. July 7 pay on accounts payable, $12,600. 7. September 30 Poy solorles for employee work in the current year, $77,200. s. Novenber 22 Pay advertising for the current year, $23,500. 9. December 30 Pay $4,200 cosh dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,800 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,800 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $3,600. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 19 ). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10-12). 3. Review the adjusted 'Trial Balance' as of December 31, 2024. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31,2024 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 13-15)