Question

GL P3-9B The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Debits Credits Cash $ 41,500 Accounts Receivable 25.700 Land 110.800 Accounts Payable $ 15,300 Notes Payable (due in 2 years) 30,000 Common Stock 100,000 Retained Earnings 32.700 Totals $178,000 $ 178,000

Answer 1

Bimal Date: Page No. Jan 12 Account Receivable 62400 Service Revenue 62400 Feb 1st Cash 75300 Service Reveale 75300 Mening cast: 45700 o Accounts pecivelle 457oo Ap1:30 Cash 10) ооо Common Stork 3oooo June 16 12100 12100 Supplies Account Payable Account Payable 11300 Cash 11300 July 7 64200 3 Sep.30 aby Coloring Serpents Cash 64200 2 Nov. 221 Advertising Capers 22570 Cash 22100 Dec. 30 Dividend 2900 Cash 2900

Bimal Dato: Page No. Cash 41500 11300 73300 64200 45too [22500 30000 2900 Account Receivable 25700 45700 62 you 14240 Service Revenue 162400 75300 (137700 Supplies 12100 191600 Common Stock looooo 3ozoo 13 oro Accounts Payable 41300 15300 12100 116100 Advertising Expenas 22500 12100 Salaries Expense 64200 164200 Dividend 22500 2900 12900

Bimal Date Page No. @ Un adjusted Trial Ballinnas Accounts Receivable Land Accounts Payable Notes Payable Common stock Retained Earnings Scwice Revenue Supplies Salaries Expense Advertising Expense Debit Credit 9 1600 42400 1 110800 16100 20000 1300od out 32700 1137700 12100 64200 22500 2900 2500 1346500 346500 Adjustment Entries Interest Expense 2500 Interest Payable Salaries Expenu 1500 Salonies payable Supplies Eapena 9800 Supplies 9800 1500

Bimal Toate Pago No Interest Expenne Interest Pegable 2500 2300 2500 Salaries Expens Salaries Payable 84200 | SVD 1500 165700 Supplie 12400 9800 12300 7 Credit Cash 110800 Adjusted Trial Relana Debit 91600 Ancounts Receivable 42400 land Accounts Payable Notes Payable Common Store Retained Earnings Suvice Revenue Supplies 2300 Solaries Expense 65700 22500 Dividend Interact Expens Interest payable Supplies Eupenes 9800 salaries playable 16100 Boroo 130000 32700 137700 ?? 2900 2500 2900 350500 350SVD

Bimal Date: Page No Income Statemet Service Revenue 137700 // Salaries Exp. 65700 Advertising 22.00 Supplies Interest 2500 11 11 (loosvo) Net Income Dividend Retained Earriga 37200 (2900) 34300 Balance Sheet 81600 424oo 110800 2300 247 ROO Assets Cash Accounts Receivathe Land Total Assets Liabilitis Accounts Payable Notes Payabh Common Stork Coid + News) Routained Beniya halaris payable Interest -16100 Sours 13oooo .6 Food 2500 Total liabilities 247100