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EZ Curb Company completed the following transactions. The annual accounting period ends December 31, Jan. 8 Purchased merchandise on account at a cost of $26,000. (Assure a perpetual inventory system.) Jan. 17 paid for the January 8 purchase. Apr. 1 Received $59,200 from National Bank after signing a 12-month, 18.0 percent, promissory note. June 3 Purchased merchandise on account at a cost of $30, cee. July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $13,200. (use an account called Deferred Revenue.) Dec. ze collected $340 cash on account from a customer. Dec. 31 Determined that wages of $11,3ee were earned but not yet paid on December 31 (Ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to rent. Required: 1. Prepare journal entries for each of the transactions through December 20 2. Prepare any adjusting entries required on December 31 3. Show how all of the abilities arising from these items are reported on the balance sheet at December 31 Complete this question by entering your answers in the tabs below. Requ red Required Required Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Show less View transaction list Journal entry worksheet 2 3 4 5 6 7 Record the purchase of inventory for $26,000 on account. 1 > Note: Enter debits before credits. General Journal Date January 08 Debit Credit Apr. 1 Receivea $5,200 Trom National Bank arter signing a 12-month, 18.0 percent, promissory note. June 3 Purchased merchandise on account at a cost of $30,000. July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $13,200. (Use an account called Deferred Revenue.) Dec. 20 collected $340 cash on account from a customer. Dec. 31 Determined that wages of $11,300 were earned but not yet paid on December 31 (Ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to Dec. 31 Adjusted the accounts at year-end, relating to rent. Required: . Prepare Journal entries for each of the transactions through December 20. 2. Prepare any adjusting entries required on December 31 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31 Complete this question by entering your answers in the tabs below. Required Required Required Prepare journal entries for each of the transactions through December 20. (Do not round Intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Show less View transaction list Journal entry worksheet Note: Enter debits before credits General Journal Date January 17 Debit Credit Record entry View general journal Clear entry Ents Book a 12-month, 18.0 percent, promissory note. June 3 Purchased merchandise on account at a cost of $30,000 July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $13,200. (Use an account called Deferred Revenue. ) Dec. 20 Collected $340 cash on account from a customer. Dec. 31 Determined that wages of $11,380 were earned but not yet paid on December 31 (Ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to rent. Required: 1. Prepare journal entries for each of the transactions through December 20, 2. Prepare any adjusting entries required on December 31 3. Show how all of the abilities arising from these items are reported on the balance sheet at December 31 Print 0 ference Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Ent Required in the first account field.) Show less View transaction list Journal entry worksheet Record the borrowing of $59,200. Note: Enter debits before credits. Date General Journal April 01 Debit Credit Record entry View general Journal Clear entry Me GE ints $30,000. July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $13,200. (Use an account called Deferred Revenue.) Dec. 20 collected $340 cash on account from a customer. Dec. 31 Determined that wages of $11,300 were earned but not yet paid on December 31 (Ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to rent. eBook Print 0 eference Required: 1. Prepare journal entries for each of the transactions through December 20. 2. Prepare any adjusting entries required on December 31 3. Show how all of the habilities arising from these items are reported on the balance sheet at December 31 Complete this question by entering your answers in the tabs below. Required Required Required 2 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select 'No Journal En Required in the first account field.) Show les View transaction list Journal entry worksheet Record the payment for inventory in full. Note: Enter debits before credits. Date General Journal Debit Credit July 05 Record entry View general journal Clear entry taxes Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to rent. Required: 1. Prepare Journal entries for each of the transactions through December 20. 2. Prepare any adjusting entries required on December 31. 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Required Required Required 2 3 Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Show less View transaction list Journal entry worksheet 1 2 3 4 5 7 Record the collection of six months rent in advance amounting to $13,200. 16 Note: Enter debits before credits. General Journal Date July 31 Debit Credit Record entry View general journal Clear entry Prepare journal entries for each of the transactions through December 20. (Do not round intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) Show less View transaction list Journal entry worksheet 1 2. 4 5 6 Record the receipt of a deposit from a customer of $340. Note: Enter debits before credits. General Journal Debit Credit Date December 20 Record entry View general journal clear entry Required Required Required 1 2 3 Prepare any adjusting entries required on December 31. (Do not round intern If no entry is required for a transaction/event, select "No Journal Entry Requir account field.) View transaction list Journal entry worksheet Record the adjusting entry relating to rent. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry View general journal Clear entry work 10b Ez Curb Company completed the following transactions. The annual accounting period ends December 31, ok Jan. 8 Purchased merchandise on account at a cost of $26,000. (Assume a perpetual inventory system.) Jan. 17 Paid for the January 8 purchase. Apr. 1 Received $59,200 from National Bank after signing a 12-month, 18.0 percent, promissory note. June 3 Purchased merchandise on account at a cost of $30,000. July 5 Paid for the June 3 purchase. July 31 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $13,200. (Use an account called Deferred Revenue.) Dec. 20 Collected $340 cash on account from a customer. Dec. 31 Determined that wages of $11,300 were earned but not yet paid on December 31 (Ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to rent. nt Once Required: 1. Prepare journal entries for each of the transactions through December 20. 2. Prepare any adjusting entries required on December 31, 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Required Required Required 1 2 3 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round Intermediate calculations.) EZ CURB COMPANY Balance Sheet (partial) At December 31

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