Required information 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 Cash Debits Credits $56,500 Accounts Receivable 40,700 Land 125,800 Accounts Payable $16,800 Notes Payable (due in 2 years) 45,000 Common Stock 115,000 Retained Earnings 46,200 Totals $223,000 $223,000 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, $77,400. Provide services to customers for cash, $82,800. Collect on accounts receivable, $47,200. Issue shares of common stock in exchange for $45,000 cash. Purchase supplies on account, $15,100. Pay on accounts payable, $12,800. Pay salaries for employee work in the current year, $79,200. Pay advertising for the current year, $24,000. Pay $4,400 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,000 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $3,000 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $3,800.