90.2K

Verified Solution

Link Copied!

6.

Required informabon The folkuving intomation noplien to the quertons daplyed beiowj The generol ledger of Jaclyabbit Alentsis at Januery 1, 2024, includes the following actount belancer The following is 8 summery of the transoctions for she year. 1, 3inuary 12 12. februpter 21 . 1. Harth 1 4. hirit de 2. Jufie 16 1., 3u2y,3 3il Letesber 4 2. Haverbetidis choliect' of actounts feedivale is isidoe Purchase nupgitins be accouht +124,500 The following itfomation is available for the odjusing entriet. Acerved interest on the notes poyoble of yeor-end amounted to $3,600 ond will be poid Jenuary 1, 2025. Accrued salaries ot yesr-end amounted so $2600 end will be poid an Janusry 3,2025 . 5uppltat remoining on hend at the end of the yeor equal $3,400, Record closing entries. Af no entry is required for a particular transaction/event, select "No joumal Entry Required in the first ccount field. Journal entry worksheet Record the entry to close the revenue accounts. Hoter, Inen entes betoin cisdite: 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: The following is a summary of the transactions for the year: The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,600 and will be paid January 1, 2025 . Accrued salaries at year-end amounted to $2,600 and will be paid on January 5,2025 . Supplies remaining on hand at the end of the year equal $3,400. ). Record closing entries. (If no entry is required for a sarticular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. 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: The following is a summary of the transactions for the year: The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,600 and will be paid January 1,2025 . Accrued salaries at year-end amounted to $2,600 and will be paid on January 5,2025 . Supplies remaining on hand at the end of the year equal $3,400. select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits

Answer & Explanation Solved by verified expert

See Answer