Part 7 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: Accounts Debits Credits 181 points Skipped Cash Accounts Receivable Land $47,500 31,700 116,800 Accounts Payable $15,900 Notes Payable (due in 2 years) 36,000 Common Stock 106,000 Retained Earnings Book References Totals $196,000 38,100 $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. Part 7 of 8 Problem 3-98 (Algo) Parts 1, 3, 6 and 10 1.3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 1.81 Debit points Beginning Balance Skipped Book References Ending Balance Cash Credit Accounts Receivable. Debit Credit Beginning Balance Ending Balance Supplies Land Debit Credit Debit Credit Beginning Balance Beginning Balance End. Bal End Bal ok Accounts Payable Salaries Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Beginning Balance nces Ending Balance Ending Balance Interest Payable Notes Payable Debit Credit Debit Credit Beginning Balance Ending Balance Common Stock Retained Earnings: Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Dividends Debit Credit Banissinn Balance Ending Balance Baninning Balance 10 11 Service Revenue Debit Credit Next > of 8 Beginning Balance oped Ending Balance Dividends Debit Credit Beginning Balance Ending Balance Service Revenue. Debit Credit Book Salaries Expense Advertising Expense erences Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Interest Expense Supplies Expense Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance