hw2

Jack Hammer Company completed the following transactions. The annual accounting period ends December 31. Apni1 se Becelyed 968 , a0s from Camerce Bank af ter signing a 12 -nonth. 5 percent, proeissory note. 7une 5 Purchasod merchundise on account at a cost of 372, ece. (Assine a perpetual inventory systea-) July 15 : Pald for the 2 une 5 purchase. Aagust 31 signed a contract to provide security service to a ssati opartsent fanplex starting in Septeshee, and collected six wanths: fees in odvance, asount ins to 125,200. Deceeser s1 Adjusted the accounts at yearitnd, relatine to (mterese. beceaber 31 Adjusted the accounts at year-end, relating to lacurity warldse. Required: 1. 8. 2. Prepare journat entries for each of the transactions through Augyst 31 and acfustang entries required on Decensber 31. 3. Show how all of the liabilties arising from these neris are feportep on the balance sheet at December 31 Complete this question by untering your answars in the tabs befow. Fien 1 and ? P 3 Fregare fournal eetries for each of the rransactions tintodigh fugust 3 and adjusting entries required on Docenber, 31 (Dro not round View transaction inst Journal entry worksheet Recerd the therrowing of 1630,900, nococid entry cinar aney Vhew goverai pourinal Rier 2 on 6 III Nea Q 2. Prepare journal entries for each of the transactons through August 31 and adjusting entries required on Deccembet 3 . 3. Show how all of the liabilites arising from these items are repocted on the balance sheet at December 31 Complete this yuestion by entering your answers in the tabs below. intermediate calcutationE.)