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GL2-15 Complete the full accounting cycle The general ledger of Jackrabblt Rentals at January 1, 2021, Includes the followng account balances: The following is a
GL2-15 Complete the full accounting cycle The general ledger of Jackrabblt Rentals at January 1, 2021, Includes the followng account balances: The following is a summary of the transactions for the year. 1. January 12 Provide services to custoners on account, $62,460. 2. February 25 Provide services to custoners for cash, $75,300. 3. March 19 collect on accounts receivable, $45,700. 4. Apri1 30 Issue shares of common stock in exchange for $39,800 cash. 5. June 16 Purchase supplies on account, $12,180. 6. July 7 Pay on accounts payable, $11,390. 7. September 30 Pay salaries for employee work in the current year, $64,280. 8. Novenber 22 Pay advertising for the current year, $22,590. 9 . Decenber 30 Pay $2,900 cash dividends to stockholders. The following information is avallable for the adjusting entrles. Accrued interest on the notes payable at year-end amounted to $2,500 and will be pald January 1,2022 . Accrued salarles at year-end amounted to $1,500 and will be pald on January 5, 2022 Supplies remalning on hand at the end of the year equal $2,300. Journal entry worksheet Note: Enter debits before cred ts. Journal entry worksheet Note: Enter debits before cred ts. Journal entry worksheet Note: Enter debits before cred ts. Adjusted \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Jackrabbit Rentals } \\ \hline \multicolumn{2}{|c|}{ Income Statement } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, 2021 } \\ \hline Revenues: & & \\ \hline & & \\ \hline Total Revenues & & \\ \hline Expenses: & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Trial Balance Balance Sheet > Adjusted
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