Chrome File Edit View History Bookmarks Profiles Tab Window Help G Q 8 @ Thu Dec 15 12:43 AM Question 4 - Chapter 3 Group F X C The general ledger of Jackrabb > Course Hero X *Course Hero X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... OF D2L Homepage - Pima... Class ACC 211 Fin... M Inbox (6) - bburns... Pima Community... O Acct I Ch 1 Flashc... Chapter 3 Group Exercises i Saved Help Save & Exit Submit Required information Problem 3-98 (Static) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Part 3 of 4 Accounts Debits Credits $41 , 500 Accounts Receivable 25 , 700 1 Land 110 , 800 Accounts Payable $15 , 300 points Notes Payable (due in 2 years) 30, 000 Common Stock 100 , 000 Retained Earnings 32, 700 eBook Totals $178, 000 $178 , 000 Print The following is a summary of the transactions for the year: References 1. January 12 Provide services to customers on account, $62, 400. 2. February 25 Provide services to customers for cash, $75, 300. 3. March 19 Collect on accounts receivable, $45, 700. 4. April 30 Issue shares of common stock in exchange for $30,000 cash. 5. June 16 Purchase supplies on account, $12 , 100. 6. July 7 Pay on accounts payable, $11, 300. 7. September 30 Pay salaries for employee work in the current year, $64, 200. 8. November 22 Pay advertising for the current year, $22,500. 9. December 30 Pay $2, 900 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,300. Mc Graw Hill 9 15 4 Live OChrome File Edit View History Bookmarks Profiles Tab Window Help G Q @ Thu Dec 15 12:43 AM Question 4 - Chapter 3 Group F X C The general ledger of Jackrabb > Course Hero X *Course Hero X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... OF O B D2L Homepage - Pima... Class ACC 211 Fin... M Inbox (6) - bburns... Pima Community... Q Acct | Ch 1 Flashc... Chapter 3 Group Exercises i Saved Help Save & Exit Submit Problem 3-9B (Static) Part 5 5. Record adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,300. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account Part 3 of 4 field.) 1 View transaction list points Journal entry worksheet eBook 2 V Print 3 References Record the adjusting entry for interest. Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2025. Note: Enter debits before credits. Transaction General Journal Debit Credit December 31 Mc Graw Hill 9 15 4 LiveChrome File Edit View History Bookmarks Profiles Tab Window Help G Q @ Thu Dec 15 12:43 AM Question 4 - Chapter 3 Group F X C The general ledger of Jackrabb > Course Hero X *Course Hero X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... OF O B D2L Homepage - Pima... Class ACC 211 Fin... M Inbox (6) - bburns... Pima Community... O Acct | Ch 1 Flashc... Chapter 3 Group Exercises i Saved Help Save & Exit Submit Required information Journal entry worksheet 2 3 V Part 3 of 4 Record the adjusting entry for accrued salaries. Accrued salaries at year-end 1 amounted to $1,500 and will be paid on January 5, 2025. points Note: Enter debits before credits. eBook Transaction General Journal Debit Credit Print December 31 References Record entry Clear entry View general journal Mc Graw Hill 15 A LiveChrome File Edit View History Bookmarks Profiles Tab Window Help G Q 8 @ Thu Dec 15 12:44 AM Question 4 - Chapter 3 Group F X C The general ledger of Jackrabb > Course Hero X *Course Hero X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%252F#/acti... OF D2L Homepage - Pima... Class ACC 211 Fin... M Inbox (6) - bburns... Pima Community... O Acct I Ch 1 Flashc... Chapter 3 Group Exercises i Saved Help Save & Exit Submit Required information Journal entry worksheet Hill 15 A Live