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Need help with number 1, 2 and 3 please!! EZ Curb Company completed the following transactions. The annual accounting period ends December 31. Jan. 8
Need help with number 1, 2 and 3 please!!
EZ Curb Company completed the following transactions. The annual accounting period ends December 31. Jan. 8 Purchased merchandise on account at a cost of $24,500. (Assume a perpetual inventory system.) 17 Paid for the January 8 purchase Apr. 1 Received S56,800 from National Bank after signing a 12-month, 16.5 percent, promissory note June 3 Purchased merchandise on account at a cost of $28,500 July 5 Paid for the June 3 purchase. Aug. 1 Rented out a small office in a building owned by EZ Curb Company and collected six months rent in advance, amounting to $12,300. (Use an account called Unearned Revenue.) Dec. 20 Collected $310 cash on account from a customer Dec. 31 Determined that wages of $10,700 were earned but not yet paid on 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 rentStep by Step Solution
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