Jack Hammer Company completed the following transactions. The annual accounting period ends December 31 Apr. 3 Received $615,000 froe Connerce Bank after signing - 12 month, 7 percent, promissory note. June 6 Purchased nerchandise on account at a cost of $76,000. (Assome a perpetual Inventory system.) July 15 Paid for the June 6 purchase. 31 Signed a contract to provide security service to a small apartment complex starting in September, and collected six months fees in advance amounting to $24,600 Dec. 31 Determined salary and wages of $41,000 were earned but not yet paid as of December 31 lgnore payroll taxes) Dec. 31 Adjusted the accounts at year-end, relating to interest Dec. 31 Adjusted the accounts at year end relating to security service. Required: 1. & 2. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 3. Show how all of the abilities arising from these items are reported on the balance sheet at December 31 Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31. (a not round Intermediate calculation. If no entry coduled for a transaction/event, seled "No Journal Entry Required in the first account Bold) View transaction ist Journal entry worksheet Reg 1 and 2 Reg 3 Prepare journal entries for each of the transactions through August 11 and adjusting entries required on December 31. (Do not round intermediate calculations. If no entry is required for a transaction/event, lectNo Journal Entry Required in the first account fel View transaction list Journal entry worksheet 3 4 5 6 7 Record the borrowing of $615,000 Note Enterdits before cos General Journal Debit Credit Date Apr 30 Record entry Clear entry Vew general Journal Prev 0 of Next > Reg 1 and 2 Req3 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.) JACK HAMMER COMPANY Balance Sheet (partial) At December 31