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The following information applies to the questions displayed below. ] The general ledger of Jackrabbit Rentals at January 1 , 2 0 2 4 ,
The following information applies to the questions displayed below.The general ledger of Jackrabbit Rentals at January includes the following account balances:AccountsDebitsCreditsCash$Accounts ReceivableLandAccounts Payable$Notes Payable due in yearsCommon StockRetained EarningsTotals$$The following is a summary of the transactions for the year: January Provide services to customers on account, $ February Provide services to customers for cash, $ March Collect on accounts receivable, $ April Issue shares of common stock in exchange for $ cash June Purchase supplies on account, $ July Pay on accounts payable, $ September Pay salaries for employee work in the current year, $ November Pay advertising for the current year, $ December Pay $ cash dividends to stockholders.The following information is available for the adjusting entries.Accrued interest on the notes payable at yearend amounted to $ and will be paid January Accrued salaries at yearend amounted to $ and will be paid on January Supplies remaining on hand at the end of the year equal $Required: Record each of the summary transactions listed above. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
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