1400 Season i t. Ch Jack Hammer Company Completed the following Transa..... Chapter 10 Homework Homework Saved Help Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $525.000 from Commerce Bank after signing a 12-month, 6 percent, promissory note. June 6 Purchased merchandise on account at a cost of $70,000. (Assume a perpetual inventory system. ) July 15 Paid for the June 6 purchase. Aug. 31 signed a contract to provide security service to a small apartment complex starting in September, and collected six months' fees in advance amounting to $21,000. Dec. 31 Determined salary and wages of $35,000 were earned but not yet paid as of December 31 (ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to security service Required: 1. & 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on Dec intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" View transaction list Journal entry worksheet 1 Record the borrowing of $525,000. Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. eBook Req 1 and 2 Req3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on L intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Require View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on De Intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" View transaction list Journal entry worksheet A LA L A 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on Decembe intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the View transaction list Journal entry worksheet points Complete this question by entering your answers in the tabs below. eBook Print Req 1 and 2 Reg 3 References Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the f View transaction list Journal entry worksheet points Complete this question by entering your answers in the tabs below. eBook Print Req 1 and 2 Req3 References Prepare journal entries for each of the transactions through August 31 and adjusting entries required on Dece Intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required in View transaction list Journal entry worksheet Complete this question by entering your answers in the tabs below. eBook Print Req 1 and 2 Req3 Terences Prepare journal entries for each of the transactions through August 31 and adjusting entries required on Dece intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" ir View transaction list Journal entry worksheet Required: 1. & 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31. 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req3 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.) JACK HAMMER COMPANY Balance Sheet (partial) At December 31 Current Liabilities Total Current Liabilities AnamApAAN