Required information Accounts Cash Accounts Receivable Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable JACKRABBIT RENTALS Adjusted Trial Balance December 31, 2024 Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Interest Expense Supplies Expense Total Debit Credit
Required information Accounts Cash Accounts Receivable Supplies Land Accounts Payable Salaries Payable Interest Payable Notes Payable JACKRABBIT RENTALS Adjusted Trial Balance December 31, 2024 Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Interest Expense Supplies Expense Total Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Please do not give solution in image format thanku

Transcribed Image Text:Required information
JACKRABBIT RENTALS
Adjusted Trial Balance
December 31, 2024
Accounts
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
Debit
0 $
Credit
![R
Required information
[The following information applies to the questions displayed below]
The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances
Credits
Accounts
Cash
Accounts Receivable
Land
Accounts Payable
Notes Payable (due in 2 years)
Common Stock
Retained Earnings
Totals
4. April 30.
5. June 16
Debits
$43,500
27,700
112,800
The following is a summary of the transactions for the year
1. January 12
2. February 25
3. March 19
6. July 7
7. September 30
8. November 22
9. December 30
$184,000
$15,500
32,000
102,000
34,500
$184,000
Provide services to customers on account, $64,400.
Provide services to customers for cash, $76,300.
Collect on accounts receivable, $45,900.
Issue shares of common stock in exchange for $32,000 cash.
Purchase supplies on account, $12,500.
Pay on accounts payable, $11,500.
Pay salaries for employee work in the current year, $66,200.
Pay advertising for the current year, $22,700.
Pay $3,100 cash dividends to stockholders.
The following information is available for the adjusting entries.
Accrued interest on the notes payable at year-end amounted to $2,700 and will be paid January 1, 2025. Accrued salaries
at year-end amounted to $1,700 and will be paid on January 5, 2025 Supplies remaining on hand at the end of the year
equal $2,500.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb476d682-0c1b-4d81-b957-84480e4ac6fd%2F64aeec08-d7a7-4e6c-8b84-812c4d01648e%2Fc3u3pur_processed.jpeg&w=3840&q=75)
Transcribed Image Text:R
Required information
[The following information applies to the questions displayed below]
The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances
Credits
Accounts
Cash
Accounts Receivable
Land
Accounts Payable
Notes Payable (due in 2 years)
Common Stock
Retained Earnings
Totals
4. April 30.
5. June 16
Debits
$43,500
27,700
112,800
The following is a summary of the transactions for the year
1. January 12
2. February 25
3. March 19
6. July 7
7. September 30
8. November 22
9. December 30
$184,000
$15,500
32,000
102,000
34,500
$184,000
Provide services to customers on account, $64,400.
Provide services to customers for cash, $76,300.
Collect on accounts receivable, $45,900.
Issue shares of common stock in exchange for $32,000 cash.
Purchase supplies on account, $12,500.
Pay on accounts payable, $11,500.
Pay salaries for employee work in the current year, $66,200.
Pay advertising for the current year, $22,700.
Pay $3,100 cash dividends to stockholders.
The following information is available for the adjusting entries.
Accrued interest on the notes payable at year-end amounted to $2,700 and will be paid January 1, 2025. Accrued salaries
at year-end amounted to $1,700 and will be paid on January 5, 2025 Supplies remaining on hand at the end of the year
equal $2,500.
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