(Answered) Ez curb company completed the following transactions the

Accounting

EZ Curb Company completed the following transactions. The annual accounting period ends December 31.

Jan. 8 Purchased merchandise on account at a cost of $14,000. (Assume a perpetual inventory system.)

17 Paid for the January 8 purchase.
Apr. 1 Received $40,000 from National Bank after signing a 12-month, 6 percent, promissory note.
June 3 Purchased merchandise on account at a cost of $18,000.
July 5 Paid for the June 3 purchase.
Aug. 1 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $6,000. (Use an account called Unearned Revenue.)

Dec. 20 Collected $100 cash on account from a customer.

Dec. 31 Determined that wages of $6,500 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.

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