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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
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 Credits Debits $ 45,500 29,700 114,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,700 34,000 184,800 36, 300 $190,000 $199,000 The following is a summary of the transactions for the year 1. January 12 Provide services to customers on account, $66,400. 2. February 25 Provide services to customers for cash, $77,300. 3. March 19 Collect on accounts receivable, $46, 100. 4. April 30 Issue shares of common stock in exchange for $34,000 cash. 5. June 16 Purchase supplies on account, $12,900. 6. July 7 Pay on accounts payable, $11,700. 7. September 30 Pay salaries for employee work in the current year, $68,200. 8. November 22 Pay advertising for the current year, $22,900. 9. December 30 Pay $3,300 cash dividends to stockholders. The following information is available for the adjusting entries Accrued interest on the notes payable at year-end amounted to $2,900 and will be paid January 1 2022. Accrued salaries at year-end amounted to $1,900 and will be paid on January 5, 2022 Supplies remaining on hand at the end of the year equal $2,700 11. Prepare a post-closing trial balance. Answer is not complete. Credit JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2021 Accounts Debit Cash $ 96,800 Accounts Receivable 50.000 Supplies 2,700 Interest Payable Salaries Payable Common Stock Retained Earnings 2,900 1,900 138,000 6,700 Total $ 149,500 $ 149,500
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