Answer all of these, please!! and correctly
There are no Unearned Revenue!!!!!
it is the second time I posted and you answered wrong!!!
Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 30 Received $600,eee from Commerce Bank after signing a 12-month, 6 percent, promissory note. June July 15 Paid for the June 6 purchase. Aug. 31 Sigmed a contract to provide security service to a small apartment complex starting in September, and collected six months 6 Purchased merchandise on account at a cost of $75,eeu. (Assume a perpetual inventory system.) fees in advance amounting to $24,ee8 Dec. 31 Detersined salary and wages of $4e,eee 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 joumal 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 X Answer is not complete. 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 December 31. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) No Date General Journal Debit Credit 600,000 Cash Apr 30 1 600,000 Notes Payable (short-term) 75.000 Inventories Jun 08 75,000 Accounts Payable 75,000 3 Accounts Payable Jul 15 75,000 Cash 4 Aug 31 24,000 Cash 24,000 Rent Revenue Dec 31 Salaries and Wages Expense 40,000 Salaries and Wages Payable 40,000 Dec 31 Interest Expense 24.000 Interest Payable 24.000 Dec 31 Rent Revenue 18.000 Service Revenue 16,000 PA10-2 Recording and Reporting Current Llabliltles with Evaluation of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5] nts Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 30 Received $680,eee from Commerce Bank after signing a 12-month, 6 percent, promissory note. June 6 Purchased merchandise on account at a cost of $75,eee. (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 apartnent conplex starting in September, and collected six months fees in advance amounting to $24,000. Dec. 31 Determined salary and wages of $4e,e0e 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 joumal 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 3 Answer is not complete. Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 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 Notes Payable (short-term) s 600,000 Rent Revenue 40,000 40.000 Salaries and Wages Payable 24.000 Interest Payable S 704.000
