Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Aprit 30 Recelved $669,000 from Comerce Bank after signing a 12-nonth, 7 percent, promissory note. June 6 Purchased merchandise on account at a cost of $79,000. (Assuse a perpetual inventory systen.) July 15 Paid for the June 6 purchase. August 31 Signed a contract to provide security service to a sasll aparteent complex starting in september, and collected rif months' fees in advance, anounting to $26,400. December 31 Deterained salary and wages of $44, e0o were earned but not yet pald as of Deceaber 31 (fgnore payrall taxes). Decenber 31 Adjusted the accounts at year-end, relating to interest. Decenber 31 Adjusted the accounts at year-end, relating to securlty secyice. Required: 1. 8. 2. Prepare joumal entries for each of the transactions through August 31 and adjusting entries required on December 3 i 3. Show how all of the liabilities arising from these items are reported on the balance sheet at Decenter 31 . Complete this question by entering your answers in the tabs below. Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 , (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first accolint field.) Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 . (Do riot round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Prepare journal entries for each of the transactions through August 31 and adjusting entries required on December 31 . (Do not round Intermediate calculations, If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fiald.) Prepare journal ontries for each of the transactions through August 31 and adjusting entries required on December 31 . (Do not round ntermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 67 Record the collection of six month's security service fees in advance amounting to $26,400. Tiote: Einetidebits betare credits. Prepare fournal entries for each of the transactions through August 31 and adjusting entries required on December 31 . (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1234 Record the adjusting entry relating to interest. Note: Enter debits before credits. Journal entry worksheet Record the adjusting entry relating to security service fees. Note: Enter debits before credits
