! Required information [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 $51,500 Accounts Receivable 35,700 Land 120,800 Accounts Payable $16,300 Notes Payable (due in 2 years) 40,000 Common Stock Retained Earnings Totals $208,000 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 30 110,000 41,700 $208,000 Provide services to customers on account, $72,400. Provide services to customers for cash, $80,300. Collect on accounts receivable, $46,700. Issue shares of common stock in exchange for $40,000 cash. Purchase supplies on account, $14,100. Pay on accounts payable, $12,300. Pay salaries for employee work in the current year, $74,200. Pay advertising for the current year, $23,500. Pay $3,900 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,500 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $3,300.