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How do I complete an unadjusted trial balance? The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Accounts Debits

How do I complete an unadjusted trial balance?

The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances:

Accounts Debits Credits
Cash $41,500
Accounts Receivable 25,700
Land 110,800
Accounts Payable $15,300
Notes Payable (due in 2 years) 30,000
Common Stock 100,000
Retained Earnings 32,700
Totals $178,000 $178,000

The following is a summary of the transactions for the year:

1. January 12 Provide services to customers on account, $62,400.
2. February 25 Provide services to customers for cash, $75,300.
3. March 19 Collect on accounts receivable, $45,700.
4. April 30 Issue shares of common stock in exchange for $30,000 cash.
5. June 16 Purchase supplies on account, $12,100.
6. July 7 Pay on accounts payable, $11,300.
7. September 30 Pay salaries for employee work in the current year, $64,200.
8. November 22 Pay advertising for the current year, $22,500.
9. December 30 Pay $2,900 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,300.

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