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: Debitel eredits1 Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings s45,500 29,700 114,800 15,700 34,000 104,000 Totals $190,000 $190,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account 2. February 25 Provide services to eustomers for cash, $77,300. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $46,100. 30 Issue shares of common stock in exchange for $34,000 cash. 16 Purchase supplies on account, $12,900. 7 Pay on accounts payable, $11,700 september 30 Pay salaries for employee work in the current year, $68,200 8. November 22 Pay advertising for the current year, $22,900 9. December 30 Pay $3,300 cash dividends to stockhoiders. The following information is available for the adjusting entries. at year-end amounted to $1,900 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year interest on the notes payable at year-end amounted to $2,900 and will be paid January 1, 2022. Accrued salaries Help Save&Exit Submi The following information is available for the adjusting entries Accrued interest on the notes payable at year end amounted to $2,900 and will be paid January 1, 2022 Accrued salaries at year-end amounted to $1,900 equal $2.700. and will be pald on January 5, 2022. Supplies remaining on hand at the end of the year Part 6 of 8 9. Record closing entries. ( (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) list Journal entry worksheet Record the entry to close the revenue accounts Note: Enter debits before credits December 31 Help . no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first ctount field.) Part 6 of 8 Journal entry worksheet Record the entry to close the revenue accounts ote: Enter debits before credits. entry Clear entry View general journal Prev 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in t account field.) View transaction list Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Help Saved 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) 6 View transaction list Part 6 of 8 Journal entry worksheet Record the entry to close the dividends account. Note: Enter debits before credits Debit Credit General Journal December 31 Record entry Clear entry View general journal
