please read and complete all transactions in the general journal, income statement, and balance sheet. each account has an unadjusted, adjusted, and post closing as well.

The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Credits Dobits $ 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 conmon stock in exchange for $30,000 cash. 5. June 16 Purchase supplies on account, $12, 100. 6. July 7 Day on accounts payable, $11,300. 7. September 30 Paysalaries 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. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 9). Review the "General Ledger and the Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10-12). 3. Review the adjusted Trial Balance' as of December 31, 2021. Check my work 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. Mareh 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, $12,100. 6. July 7 Pay on accounts payable, $11,300. 7. September 30 Paysalaries for employee work in the current year, 964,200. 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. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 9). Review the 'General Ledger and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 10-12). 3. Review the adjusted 'Trial Balance' as of December 31, 2021. 4. Prepare an income statement for the period ended December 31, 2021, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2021 in the Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 13-15). 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. General Requirement General Ledger Journal Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list 1 Record the services provided to customers on account, $62,400 2 Record the services provided to customers for cash, $75,300. 3 Record the accounts receivable, $45,700 collected. 4 Record the shares of common stock issued in exchange for $30,000 cash Credit 5 Record the purchase of supplies on account, $12,100. 6 Record the payment of accounts payable, $11,300. 7 Record the payment of salaries for employee work in the Note : - journal entry has been entered Cleanent View generalloral Record entry Prey 1 of 2 Next > Check my work 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. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list 7 Record the payment of salaries for employee work in the current year, $64,200. 8 Record the payment of advertising for the current year, $22,500. 9 Record the $2,900 cash dividends paid to stockholders. Credit 10 Record the adjusting entry for interest. Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2022. 11 Record the adjusting entry for salaries. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2022 Note: - journal entry has been entered Record entry Clear entry View.general ournal CIELA W WUER 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. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2022. 11 Record the adjusting entry for salaries. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2022 12 Record the adjusting entry for supplies. Supplies remaining on hand at the end of the year equal $2,300. Credit 13 Record the closing entry for revenue. 14 Record the closing entry for expenses. 15 Record the closing entry for cash dividends. Note : - journal entry has been entered Record entry Clear entry View general journal Check my work 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. Requirement General Journal General Ledger pped Trial Balance Income Statement Balance Sheet Choose the appropriate accounts to be reported on the income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Unadjusted Adjusted Jackrabbit Rentals Income Statement For the Year Ended December 31, 2021 Post-closing rint Total Revenues Expenses: erences Total expenses ( Trial Balance Balance sheet > Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet The balance sheet is the accounting equation: Assets = Liabilities + Equity. Each asset and liability account is reported separately on the balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted - Jackrabbit Rentals Balance Sheet December 31, 2021 Assets Liabilities Current assets: Current liabilities: Total current abilities Total liabilities Stockholders' Equity 0 Total current assets Long-term assets: Total stockholder's equity Total liabilities and stockholders' equity Total assets ( income Statement Balance Sheet