Chapter 10 Homework 3 EZ Curb Company completed the following transactions. The annual accounting period ends December 31 Jan. 8 Purchased merchandise on account at a cost of $16,000. (Assune a 714 perpetual inventory system. Jan. 17 Paid for the January 8 purchase. Apr. 1 Received $43,200 from National Bank after signing a 12-month, 8.0 percent, promissory note Skipped June 3 Purchased merchandise on account at a cost of $20,000 July 5 Paid for the June 3 purchase July 31 Rented out a snall office in a bailding owned by E2 Curb Company and collected six months' rent in advance, anounting to $7,200. (Use an account called Deferred Revenue.) eBook Dec. 20 Collected $140 cash on account from a custoner Dec. 31 Deternined that wages of $7,300 were earned but not yet paid on Decenber 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 rent. 1. Prepare journal entries for each of the transactions through December 20. 2. Prepare any 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 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) K Prey 3 of 14! Next > 3 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 714 points View transaction list Sklpped Journal entry worksheet eBook Print References Record the purchase of inventory for $16,000 on account. Note: Enter debits before credits General Journal Debit Credit ate January 08 Record entry Clear entry View general journal Prey 30114 Next > 3 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculatio required for a transaction/event, select "No Journal Entry Required" In the first account field.) ns. If no entry is 714 points View transaction list Skipped Journal entry worksheet eBook Print References Record the payment for inventory in full. Note: Enter debits before credits. General Journal Debit Credit January 17 Record entry Clear entry View general journal 3 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 714 points View transaction list Skipped Journal entry worksheet eBook Print References 3 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ts View transaction list Skipped Journal entry worksheet eBook Print Record the purchase of inventory for $20,000 on account. Note: Enter debilts before credits Debit Credit June 03 Record entry Clear entry View general journal Prey 3 of 14 Next > Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list kipped Journal entry worksheet eBook Print ferences 6 Record the payment for inventory in full. Note: Enter debits before credits. General Journal Debit Credit July 05 Record entry Clear entry View general journal K Prey 3 of 14 Next 3 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) nts View transaction list Skipped Journal entry worksheet eBook Print eferences Record the collection of six months rent in advance amounting to $7,200 Note: Enter debits before credits. General Journal Debit Credit July 31 Record entry Clear entry View general journal Prey 3 of 14 i Next > 3 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) ts View transaction list kipped Journal entry worksheet eBook Print 6 Record the receipt of a deposit from a customer of $140. Note: Enter debits before credits. Debit Credit December 20 Record entry Clear entry View general journal KPrey 3 of 14 Next 3 transaction/event, seiect "No Journal entry kequirea" in the first account neia.) View transaction list Journal entry worksheet ts Skipped eBook Record the wages earned, but not yet paid as of December 31. Print Note: Enter debits before credits. Date General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 3> 3 transaction/event, select "No journal Entry kequirea" in tne rirst account rieia.) View transaction list 714 points Journal entry worksheet Skipped Record the adjusting entry relating to interest eBook Print References Note: Enter debits before credits. Debit Credit Date General Journal December 31 Record entry Clear entry View general journal Required 1 Required 3> KPrey 3 of 14 Next 3 transaction/event, serect No Journai entry kequirea in tne tirst account neia.) View transaction list 14 oints Journal entry worksheet Skipped eBook Record the adjusting entry relating to rent. Print References Note: Enter debits before credits. Date General Journal Debit Credit Record entry Clear entry View general journal K Required 1 Required 3 3 Complete this question by entering your answers in the tabs below. Required 1Required 2 Requilnd 3 14 oints Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.) Skipped EZ CURB COMPANY Balance Sheet (partial) eBook Print References At 31 Required 2 K Prev 3 of 14 i Next