sive Problem Saved Help Save 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 $ 44,500 28,700 113,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,600 33,000 103,000 35,400 $187,000 $187,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $65,400. 2. February 25 Provide services to customers for cash, $ 76,800. 3. March 19 Collect on accounts receivable, $46,000. 4. April 30 Issue shares of common stock in exchange for $33,000 cash. 5. June 16 Purchase supplies on account, $12,700. 6. July 7 Pay on accounts payable, $11,600. 7. September 30 Pay salaries for employee work in the current year, $67,200. 8. November 22 Pay advertising for the current year, $22,800. 9. December 30 Pay $3,200 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,800 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $1,800 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,600. Prey 1 2 3 8 of 8 !!! Next > ensive Problem Saved H 1.3.6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Receivable Beg Bal Beg Bal. End. Bal. End. Bal. Supplies Land Beg Bal Beg Bal End. Bal. End. Bal. Accounts Payable Salaries Payable Beg. Bal Beg. Bal End. Bal. End. Bal. Interest Payable Notes Payable Beg. Bal. Beg. Bal MacBook Air 80 00 808 F4 FS F7 FE sive Problem Saved Required information Interest Payable Notes Payable Beg. Bal. Beg. Bal End. Bal. End. Bal. Common Stock Retained Earnings Beg Bal. Beg. Bal End. Bal End. Bal. Dividends Service Revenue Beg. Bal. Bog. Bal End. Bal End. Bal. Salaries Expense Advertising Expense Beg Bal. Beg. Bal Prey 1 2 3 8 of 8 Next > MacBook Air 80 F3 F2 DU E 74 F5 FO F7 Saved sive Problem Required information Dividends Service Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Salaries Expense Advertising Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal. Interest Expense Supplies Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal Proy 1 2 3 8 of 8 Next > sive Problem Saved equal $2,600. 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 3 equal $2,600 4. Prepare an unadjusted trial balance. rt 3 of 8 5 nts Credit eBook Print eferences JACKRABBIT RENTALS Unadjusted Trial Balance December 31, 2021 Accounts Debit Cash Accounts Receivable Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Interest Expense Supplies Expense Total V MacBook Air equal $2,600. 7. Prepare an adjusted trial balance. 5 of 8 5 Credit Book Print erences JACKRABBIT RENTALS Adjusted Trial Balance December 31, 2021 Accounts Debit Cash Accounts Receivable Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Interest Expense Supplies Expense Total w ution MacBook Air Required information 8-b. Prepare a classified balance sheet for the year ended December 31, 2021. JACKRABBIT RENTALS Balance Sheet December 31, 2021 Assets Liabilities Total Current Assets Total Current Liabilities Total liabilities Stockholders' Equity Total Stockholder's Equity Total Liabilities and Stockholders' Equity Total Assets MacBook Air 80 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the fi account field.) View transaction list Journal entry worksheet MacBook Air at year-end amounted to lovu anu will be paid on January 3, ZULL. Supplies remaining on nanu at the end on equal $2,600 11. Prepare a post-closing trial balance. JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2021 Accounts Debit Credit es Total MacBook Air
