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Line Tonowing into Liori appies w me quesuons urspidyeu velow. The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances:

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Line Tonowing into Liori appies w me quesuons urspidyeu velow. The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances: Credits Debits $ 41,500 25,700 110,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,300 30,000 100,000 32,700 $178,000 $178,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $62,400. 2. February 25 Provide services to customers for cash, $75,300. 3. March 19 Collect on accounts receivable, $45,700. 4. April 30 Issue shares of common stock in exchange for $30,000 cash. 5. June 16 Purchase supplies on account, $12,180. 6. July 7 Pay on accounts payable, $11,300. 7. September 30 Pay salaries for employee work in the current year, $64,200. 8. November 22 Pay advertising for the current year, $22,500. 9. December 30 Pay $2,900 cash dividends to stockholders. The following information is available for the adjusting entries Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2022 Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,300. 2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, s "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet 2 3 4

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