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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

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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 balances: Accounts Debits Credits Cash $ 61,500 Accounts Receivable 45,700 Land 138,888 Accounts Payable 17,380 Notes Payable (due in 2 years) 50,000 Common Stock 128,888 Retained Earnings 50,7ee Totals $238,000 $ 238,000 The following is a summary of the transactions for the year 1. January 12 Provide services to customers on account, $82,4ee. 2. February 25 Provide services to customers for cash, $85,3ee. 3. March 19 Collect on accounts receivable, $47,700. 4. April 30 Issue shares of common stock in exchange for se, eee cash. 5. June 16 Purchase supplies on account, $16,1ee. 6. July 7 Pay on accounts payable, $13,308. 7. September 30 Pay salaries for employee work in the current year, $84,200. 8. November 22 Pay advertising for the current year, $24,500. 9. December 30 Pay $4,900 cash dividends to stockholders. 1 nur Saved 3 The following is a summary of the transactions for the year. Port 2 of 5 1. January 12 Provide services to customers on account, $82,4ee. 2. February 25 Provide services to customers for cash, $85,38e. 3. March 19 Collect on accounts receivable, $47,700. 4. April 30 Issue shares of common stock in exchange for $50, eee cash. 5. June 16 Purchase supplies on account, $16,180. 6. July 7 Pay on accounts payable, $13,30e. 7. September 30 Pay salaries for employee work in the current year, 584,200. 8. November 22 Pay advertising for the current year, $24,5ee. 9. December 30 Pay $4,988 cash dividends to stockholders. 10 points eBook The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,500 and will be paid January 1 salaries at year-end amounted to $3,500 and will be paid on January 5, 2022. Supplies remaining end of the year equal $4,300. 7. Prepare an adjusted trial balance. JACKRABBIT RENTALS Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Mc Graw HI

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