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help completing this The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021. Includes the following
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The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021. Includes the following account balances: Credits Debits $ 44,500 28.700 113,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,600 33,000 103,000 35,400 5187,000 $187,000 The following is a summary of the transactions for the year 1. January 12 Provide services to customers on account, $65,400 2. February 25 Provide services to customers for cash, 526,800 3. March 19 Collect on accounts receivable, $46,000 4. April 30 Issue shares of connon stock in exchange for $33,000 cash. 5. June 16 Purchase supplies on account, $12,700. 6. July 7 Pay on accounts payable, $11,600. 7. September 30 Pay salaries for employee work in the current year, $67,200. 8. November 22 Pay advertising for the current year, $22,800. 9. December 30 Pay $3,200 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,800 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $1,800 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,600. Answer is not complete. JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2021 Accounts Debit Credit $ 95,500 48,100 2,600 113,800 Cash Accounts Receivable Supplies Land Accounts Payable Notes Payable Interest Payable Common Stock Retained Earnings 16,700 33,000 2,800 136,000 69,700 Total $ 260,000 $ 258,200 Step by Step Solution
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