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Ez Curb Company completed the following transactions. The annual accounting period ends December 31. January 8 qurchased nerchandise on account at a cost of $26,688.
Ez Curb Company completed the following transactions. The annual accounting period ends December 31. January 8 qurchased nerchandise on account at a cost of $26,688. (Assume a perpetual inventory systen.) January 17 paid for the january 8 purchase. April 1 Received 559,200 from National Bank after signing a 12-nonth, 18. e percent, promissory note. June 3 purchased merchandise on account at a cost of $38,0e0. July 5 paid for the June 3 purchase. july 31 Rented out b snall office in a building owned by Ez Curb conpany and collected six sonths' rent in advance, anounting to $13,2ee. (Use an account calied oeferred nevenue.) oecenber 20 collected 3340 cash on account from a custoner. oecenber 31 Determined that wages of $11,300 were earned but not yet paid on Decenber 31 (Ignore payro11 taxes). decenber 31 Adjusted the accounts at year-end, relating to interest. Decenber 31 Adjusted the accounts at year-end, relatine to rent. Required: 1. Prepare joumal entres for each of the transactions through December 20 . 2. Prepare any adjusting entnes required on December 31 3. Show now all of the liablities arising from these items are reported on the balance sheet at December 31 Journal entry worksheet Record the wages earned, but not yet paid as of December 31 . Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry relating to interest. Note: Enter debits before credits. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31 . (Do not pound intermediate calculations.)
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