Problem 3-9B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following...
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Accounting
Problem 3-9B (Algo) 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: The following is a summary of the transactions for the year: 1. January 12 Provide services to eustopers on account, $76,400. 2. Pebruary 25 Provide services to eustomert for eash, 582,300 . 3. Mareh 19 4. April30 collect on account: recelvable, 547,100 . 5. June 16 Insue shares of common stoek in exehange for $44,000 eash. 6. July 7 Purchase supplies on aecount, $14,900. Pay on aoeounts payable, $12,700. 7. September 30 Pay salaries for esployee work in the current year, 378,200 , b. November 22 Pay advertising for the current year, 523,900 , 9. December 30 pay 54,300 camh dividende to stockholders. The following information is avallable for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,900 and will be paid January 1, 2025. Accrued solarie at year-end amounted to $2,900 and will be paid on January 5,2025 . Supplies remaining on hand at the end of the year equal $3,700 Journal entry worksheet Record the adjusting entry for interest. Accrued interest on the notes payable at year-end amounted to $3,900 and will be paid January 1,2025 . Note: Enter debits before credits. Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. 11. Prepare a post-closing trial balance







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