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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: Accounts Debits Credits Cash $ Accounts Receivable Land Accounts Payable $ Notes Payable due in years Common Stock Retained Earnings Totals $ $ 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 $ Journal entry
The following information applies to the questions displayed below.
The general ledger of Jackrabbit Rentals at January includes the following account balances:
Accounts Debits Credits
Cash $
Accounts Receivable
Land
Accounts Payable $
Notes Payable due in years
Common Stock
Retained Earnings
Totals $ $
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 $
Journal entry
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