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 $ 46,500 30,700 115,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 15,800 35,000 105,000 37,200 $193,000 $193,000 The following is a summary of the transactions for the year: 1. January 12 provide services to customers on account, $67,400. 2. February 25 Provide services to customers for cash, $77,800. 3. March 19 Collect on accounts receivable, $46,200. 4. April 30 Issue shares of common stock in exchange for $35,000 cash. 5. June 16 Purchase supplies on account, $13,100. 6. July 7 Pay on accounts payable, $11,800. 7. September 30 Pay salaries for employee work in the current year, $69,200. 8. November 22 Pay advertising for the current year, $23,000. 9. December 30 Pay $3,400 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,000 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,000 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,800 1.3.6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash 46,500 Accounts Receivable 30,700 Beg. Bal. 2. 3. Beg. Bal 1. 7 8 4. 9 6. + End. Bal 46,500 End. Bal. 30,700 ses Supplies Beg. Bal. 5 Land 115,800 Beg. Bal 13,100 End. Bal 13,100 End. Bal. 115,800 Salaries Payable Accounts Payable 15,800 5. Beg Bal 16 Beg Bal End. Bal. 15,800 End. Bal Interest Payable Notes Payable Interest Payable Notes Payable Beg. Bal Beg. Bal. End. Bal. End. Bal. Common Stock Retined Earnings Beg. Bal. Beg. Bal. 4. End. Bal. End. Bal Dividends Service Revenue Beg. Bal. Beg. Bal. 9. 1. 2. End. Bal End. Bal. Salaries Expense Advertising Expense Beg. Bal. Bog. Bal End. Bal. Salaries Expense Advertising Expense Beg. Bal. Beg. Bal. 8. 7. End. Bal End. Bal. Interest Expense Supplies Expense Beg. Bal. Beg. Bal. End. Bal. End. Bal