Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals Debits Credits $ 61,500 45,700 130,800 17,300 50,000 120,000 50,700 $238,000 $238,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $82,400. 2. February 25 Provide services to customers for cash, $85,300. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $47,700. 30 Issue shares of common stock in exchange for $50,000 cash. 16 Purchase supplies on account, $16,100. 7 Pay on accounts payable, $13,300. 7. September 30 Pay salaries for employee work in the current year, $84,200. 8. November 22 Pay advertising for the current year, $24,500. 9. December 30 Pay $4,900 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,500 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $3,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $4,300.