Part 6 of 8 Problem 3-9B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5, 3-6, 3-7) [The following information applies to the questions displayed below] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: 811 points Accounts Cash Debits $47,500 Credits: Accounts Receivable. 31,700 Land 116,800 eBook Accounts Payable Notes Payable (due in 2 years) $15,900 36,000 References Common Stock Retained Earnings 106,000 38,100 Totals $196,000 $196,000 The following is a summary of the transactions for the year: 1. January 12 2. February 25 3. March 19 4. April 30 5. June 16 6. July 7 7. September 30 8. November 22 9. December 30 Provide services to customers on account, $68,400. Provide services to customers for cash, $78,300. Collect on accounts receivable, $46,300. Issue shares of common stock in exchange for $36,000 cash. Purchase supplies on account, $13,300. Pay on accounts payable, $11,900. Pay salaries for employee work in the current year, $70,200. Pay advertising for the current year, $23,100. Pay $3,500 cash dividends to stockholders. The following information is available for the adjusting entries Accrued interest on the notes payable at year-end amounted to $3,100 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2.100 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,900 eBook References Problem 3-9B (Algo) Part 9 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 December 31 Service Revenue Retained Earnings Debit Credit