P3-9B The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Cash Debits Credits $ 41,500 Accounts Receivable 25,700 Land 110,800 Accounts Payable Notes Payable (due in 2 years) Common Stock $ 15,300 30,000 100,000 Retained Earnings 32,700 Totals $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. 19 Collect on accounts receivable, $45,700. 3. March 4. April 5. June 30 Issue shares of common stock in exchange for $30,000 cash. 16 Purchase supplies on account, $12,100. 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.