EZ Curb Company completed the following transactions. The annual accounting period ends December 31. January 8 Purchased merchandise on account at a cost of $19,500. (Assume a perpetual inventory system.) January 17 Paid for the January 8 purchase. April 1 Received $48,800 from National Bank after signing a 12-month, 11.5 percent, promissory note. June 3 Purchased merchandise on account at a cost of $23,500. July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $9,300. (Use an account called Deferred Revenue.) December 20 Collected $210 cash on account from a customer. December 31 Determined that wages of $8,700 were earned but not yet paid on December 31 (Ignore payroll taxes). December 31 Adjusted the accounts at year-end, relating to interest. December 31 Adjusted the accounts at year-end, relating to rent. Required: 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.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 Record the purchase of inventory for $19,500 on account. 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 required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the purchase of inventory for $19,500 on account. Note: Enter debits before credits. Date January 08 General Journal Debit Credit Record entry Clear entry View general journal Required 2> es 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 c required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the payment for inventory in full. Note: Enter debits before credits. Date January 17 General Journal Debit Credit Record entry Clear entry View general journal Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate ca required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 6 7 Record the borrowing of $48,800. Note: Enter debits before credits. Date April 01 General Journal Debit Credit Record entry Clear entry View general journal Required 2 > Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 > 5 6 7 Record the purchase of inventory for $23,500 on account. Note: Enter debits before credits. Date June 03 General Journal Debit Credit Record entry Clear entry View general journal 13 Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calcula required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 G Record the payment for inventory in full. Note: Enter debits before credits. Date July 05 6 General Journal Debit Credit Record entry Clear entry View general journal required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 4 5 7 Record the collection of six months rent in advance amounting to $9,300. Note: Enter debits before credits. Date July 31 General Journal Debit Credit Record entry Clear entry View general journal es Required 1 Required 2 Required 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 1 2 3 45 6 7 Record the collection of $210 cash on account from a customer. Note: Enter debits before credits. Date December 20 General Journal Debit Credit Record entry Clear entry View general journal Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare any 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.) View transaction list Journal entry worksheet < 1 2 3 Record the wages earned, but not yet paid as of December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare any 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.) View transaction list Journal entry worksheet < 2m 3 Record the adjusting entry relating to interest. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal k Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare any 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.) View transaction list Journal entry worksheet nces < 1 2 3 Record the adjusting entry relating to rent. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry es 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 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.) EZ CURB COMPANY Balance Sheet (partial) At December 31 < Required 2 Required 3> < Prev 9 of 15 Next > EZ Curb Company completed the following transactions. The annual accounting period ends December 31. January 8 Purchased merchandise on account at a cost of $19,500. (Assume a perpetual inventory system.) January 17 Paid for the January 8 purchase. April 1 Received $48,800 from National Bank after signing a 12-month, 11.5 percent, promissory note. June 3 Purchased merchandise on account at a cost of $23,500. July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amountin to $9,300. (Use an account called Deferred Revenue.) December 20 Collected $210 cash on account from a customer. December 31 Determined that wages of $8,700 were earned but not yet paid on December 31 (Ignore payroll taxes). December 31 Adjusted the accounts at year-end, relating to interest. December 31 Adjusted the accounts at year-end, relating to rent. Required: 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 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.) EZ CURB COMPANY Balance Sheet (partial) At December 31