Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apr. 30 Received $560,000 from Commerce Bank after signing a twelve-month, 7 percent, promissory note June 6 Purchased merchandise on account at a cost of $71,000 (Assume a perpetual inventory system.) July 15 Paid for the June 6 purchase Aug. 31 Signed a contract to provide security services to a small apartment complex and collected six months' fees in advance, amounting to $23,400 (Use an account called Deferred Revenue.) Dec. 31 Determined salary and wages of $36,000 were earned but not yet paid as of December 31 (ignore payroll taxes) Dec. 31 Adjusted the accounts at year-end, relating to interest Dec. 31 Adjusted the accounts at year-end, relating to security services Required: 1. Prepare journal entries for each of the transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Purchased merchandise on account at a cost of $71,000 (Assume a perpetual inventory system.) Note: Enter debits before credits. Date General Journal Debit Credit Jun 06 Journal entry worksheet Paid for the June 6 purchase. Note: Enter debits before credits. Date General Journal Debit Credit Jul 15 Record entry Clear entry View general journal Journal entry worksheet Determined salary and wages of $36,000 were earned but not yet paid as of December 31 (ignore payroll taxes). Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet Adjusted the accounts at year-end, relating to interest. Note: Enter debits before credits. Date General Journal Debit Credit Dec 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet