Post the transactions, adjusted entties and closing entries to the T-account. Be sure to include beginning balances.

Required information [The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances: Credits Debits $ 48,500 32,700 117,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 16,000 37,000 107,000 39,000 $ 199,000 $199,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $69,400. 2. February 25 Provide services to customers for cash, $78,800. 3. March 19 Collect on accounts receivable, $46,400. 4. April 30 Issue shares of common stock in exchange for $37,000 cash. 5. June 16 Purchase supplies on account, $13,500. 6. July 7 Pay on accounts payable, $12,000. 7. September 30 Pay salaries for employee work in the current year, $71,200. 8. November 22 Pay advertising for the current year, $23,200. 9. December 30 Pay $3,600 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,200 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,200 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,000 1. 3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Beg. Bal Cash 48,500 78,800 46,400 37,000 Beg. Bal 1 Accounts Receivable 32,700 69,400 46,4003 3. 4. 12.000 6 71,2007 23,2008 3,600 9. End. Bal 100,700 End. Bal 55,700 Supplies 0 Land 117,800 Beg Bal Beg Bal 5. 13,500 10,500 ADJ. 3. 3,000 End. Bal 117,800 End. Bal Salaries Payable 0 Bog. Bal Accounts Payablo 16,000 12,000 13,500 6 Beg Bal 6 2,200 ADJ. 2. End. Bal 17,500 2.200 End. Bal Interest Payable Notes Payable Beg. Bal 0 Beg. Bal. 37,000 3,200 ADJ. 1. End. Bal. 3,200 End. Bal. 37,000 Common Stock Retained Earnings 39,000 Beg. Bal. Beg. Bal 107,000 37,000 4 End. Bal. 144,000 End. Bal. 39,000 Dividends Service Revenue 0 Beg. Bal. 9. Beg. Bal 0 3,600 69,400 1. 78,800 2. End. Bal. 3,600 End. Bal. 148,200 Salaries Expense Beg. Bal. 0 Beg. Bal. 18 Advertising Expense 0 23,200 7 71,200 2,200 ADJ. 2 73,400 End. Bal. 23,200 End. Bal. Interest Expense Supplies Expense 0 0 Beg. Bal. ADJ. 1. Beg. Bal. ADJ. 3. 3,200 10,500 End. Bal 3,200 End. Bal. 10,500