47 View transaction list Journal entry worksheet < 1 2 3 Record the entry to close the revenue accounts. ices Note: Enter debits before credits. Date General Journal Debit Credit December 31 Service Revenue Record entry Clear entry View general journal Journal entry worksheet < 2 3 Record the entry to close the expense accounts. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal > 212 ences View transaction list Journal entry worksheet < 1 2 3 Record the entry to close the dividends account. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals Debits Credits $ 44,500 28,700 113,800 15,600 33,000 103,000 35,400 $187,000 $187,000 The following is a summary of the transactions for the year 1. 12 Provide services to customers on account, $65,400. January 2. February 25 Provide services to customers for cash, $76,800. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $46,000. 30 Issue shares of common stock in exchange for $33,000 cash. 16 Purchase supplies on account, $12,700. 7 Pay on accounts payable, $11,600. 7. September 30 Pay salaries for employee work in the current year, $67,200. 8. November 22 Pay advertising for the current year, $22,800. 9. December 30 Pay $3,200 cash dividends to stockholders.. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,800 and will be paid January 1, 2022 Accrued salaries at year-end amounted to $1,800 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,600