Required information (The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 46,500 Accounts Receivable 30,700 Land 115,800 Accounts Payable 15,800 Notes Payable (due in 2 years) 35,000 Common Stock 105,000 Retained Earnings 37,200 Totals $193,000 $193,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $67,400. 2. February 25 Provide services to customers for cash, $77,800. 3. March 19 Collect on accounts receivable, $46,200. 4. April 30 Issue shares of common stock in exchange for $35,000 cash. 5. June 16 Purchase supplies on account, $13,100. 6. July 7 Pay on accounts payable, $11,800. 7. September 30 Pay salaries for employee work in the current year, $69,200. 8. November 22 Pay advertising for the current year, $23,000. 9. December 30 Pay $3,400 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,000 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,000 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,800 Answer is not complete. Cash Beg. Bal. 2. 3. 4. Beg. Bal 1. Accounts Receivable 30,700 67,400 46,2003 7. >> 46,500 77,800 46,200 35,000 8. > 69,200 23,000 3,400 11,800 OO 6. End. Bal. 98,100 End. Bal. 51,900 Supplies Beg. Bal. 5. Land 115,800 Beg. Bal 13,100 10,300 End. Bal. 2,800 End. Bal. 115,800 Salaries Payable Beg. Bal 6. Accounts Payable 15,800 11,800 13,100 Beg. Bal 5. 2.000 End RN 17.100 Fn Ral 2.000 C Drau 2 Interest Payable Notes Payable 35,000 Beg. Bal Beg. Bal. 3,000 End. Bal. 3,000 End. Bal 35,000 Beg. Bal. Common Stock 105,000 35,000 Beg. Bal. Retained Earnings 37,200 3,400 4. End. Bal. 140,000 End. Bal. 33,800 Dividends Service Revenue Beg. Bal. Beg. Bal. 3,400 1. 67,400 77,800 SIS 2. End. Bal 3,400 End. Bal. 145,200 Salaries Expense Advertising Expense Bog. Bal. Bog. Bal End. Bal. 140,000 End. Bal. 33,800 Dividends Service Revenue Beg. Bal. Beg. Bal 3,400 1. 67,400 77,800 2. O End. Bal. 3,400 End. Bal. 145,260 Salaries Expense Advertising Expense Beg. Bal. 7. Beg. Bal. 8. 23,000 69,200 2,000 End. Bal 71,200 End. Bal. 23,000 Interest Expense Supplies Expense Beg. Bal. Beg. Bal. 3,000 10,300 End. Bal. 3,000 End. Bal. 10,300 & Answer is not complete. Credit JACKRABBIT RENTALS Unadjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 98,100 Accounts Receivable 51,900 Supplies 2,800 x Land 115,800 Accounts Payable Salaries Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense 71,200 Advertising Expense 23,000 Interest Expense Supplies Expense 10,300 X Total $ 373,100 $ 17,100 2,000 X 3,000 X 35,000 140,000 33,800 X 3,400 X 145,200 3,000 % 382,500
