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equirea information [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following

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equirea information [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Accounts Cash Debits Credits $43,500 Accounts Receivable: 27,700 Land 112,800 Accounts Payable $15,500 Notes Payable (due in 2 years) 32,000 Common Stock 102,000 Retained Earnings Totals $184,000 The following is a summary of the transactions for the year: 1. January 12 2. February 25 3. March 19 4. April 30 5. June 16 6. July 7 7. September 30 B. November 22 9. December 30 34,500 $184,000 Provide services to customers on account, $64,400. Provide services to customers for cash, $76,300. Collect on accounts receivable, $45,900, Issue shares of common stock in exchange for $32,000 cash. Purchase supplies on account, $12,500. Pay on accounts payable, $11,500. Pay salaries for employee work in the current year, $66,200. Pay advertising for the current year, $22,700. Pay $3,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,700 and will be paid January 1, 2025 Accrued salaries at year-end amounted to $1,700 and will be paid on January 5, 2025, Supplies remaining on hand at the end of the year equal $2,500. 8 rt 8 of 8 5 nts eBook Print References Required information JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Totals $ 0 $ 0

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