Comprehensive Problem Number 1 Accounting

Record the adjusting entry for accrued salaries. Accrued salaries at year-end amounted to $2,900 and will be paid on January 5, 2025 . Note: Enter debits before credits. Record the entry to close the revenue accounts. Note: Enter debits before credits. 77 Lronaro a nnct_rincinn triai naianco Adjusted Trial Balance 8 December 31, 2024 \begin{tabular}{|l|l|} \hline \multicolumn{2}{|c|}{ Accounts } \\ \hline Cash & Credit \\ \hline Accounts Receivable & \\ \hline Supplies & \\ \hline Land & \\ \hline Accounts Payable & \\ \hline Salaries Payable & \\ \hline Interest Payable & \\ \hline Notes Payable & \\ \hline Common Stock & \\ \hline Retained Earnings & \\ \hline Dividends & \\ \hline Service Revenue & \\ \hline Salaries Expense & \\ \hline Advertising Expense & \\ \hline Interest Expense & \\ \hline Supplies Expense & \\ \hline \end{tabular} Record the entry to close the dividends account. Note: Enter debits before credits. 1. 3. 6. \& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Problem 3-9B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] 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: Record the entry to close the expense accounts. Note: Enter debits before credits. Record the adjusting entry for supplies. Supplies remaining on hand at the end of the year equal $3,700. Note: Enter debits before credits. Advertising Experise \begin{tabular}{|l|l|l|l|r|r|} \hline \multicolumn{1}{|l|}{} & 7 & September 30 & Salaries Expense & 78,200 & \\ \hline & & Cash & & 78,200 \\ \hline & 8 & November 22 & Advertising Expense & 23,900 & \\ \hline & & Cash & & 23,900 \\ \hline & & & & \\ \hline 9 & December 30 & Dividends & 4,300 & \\ \hline & & Cash & & 4,300 \\ \hline \end{tabular} Record the adjusting entry for interest. Accrued interest on the notes payable at year-end amounted to $3,900 and will be paid January 1, 2025 . Note: Enter debits before credits. JACKRABBIT RENTALS Income Statement For the Year Ended December 31, 2024