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: Accounts Debits Credits Cash $ 48,500 Accounts Receivable 32,700 Land 117,800 Accounts Payable 16,000 Notes Payable (due in 2 years) 37,000 Common Stock Retained Earnings 39,000 Totals $199,000 $199,000 1107,000 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 View transaction list Journal entry worksheet