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 Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals Debits $ 51,500 Credits 35,700 120,800 16,300 40,000 110,000 41,700 $208,000 $208,000 The following is a summary of the transactions for the year. 1. January 12 Provide services to customers on account, $72,400. 2. February 25 Provide services to customers for cash, $80,300. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $46,700. 38 Issue shares of common stock in exchange for $40,000 cash. 16 Purchase supplies on account, $14,100. 7 Pay on accounts payable, $12,300. 7. September 38 Pay salaries for employee work in the current year, $74,200. 8. November 22 Pay advertising for the current year, $23,500. 9. December 38 Pay $3,980 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, 2022. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,300. Return to question 1.3.6.& 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Part 1 of Beg Bal 3.75 points Cash 51.500 Beg Bal Accounts Receivable 35.700 032937 1. 2. $1.500 End Bal 35,700 3. ellook Print Supplies Lan Beg Ba 10.800 Beg Bal 120.800 References Mc End. Bal 10.800 End Ba 120,800 Accounts Payable Salaries Payable Beg Bal Beg Bat End Bal Interest Payable End Bal Notes Payable Required information End. Bac Part 1 of End. Bai Interest Payable Notes Payable 375 points Beg Ba Beg, Bal 03:29:30 End Bal End Bal Common Stock Retained Earings Beg, Bal Beg Bal P ferences Mc Graw End Ba End. Ba Dividends Beg Bal Service Revenue Beg Ba End Ba End. Bal Salaries Expense Prev 1 2 3 Advertising Expense 00 8 of 8 Next > Dividends Beg. Bal Service Revenue Beg Bal 0:10 End. Bal End Bal Salaries Expense Advertising Expense Beg Bal Beg Bal ces End. Bal End Bal Interest Expense Supplies Expense Beg. Bal Beg Bal End. Bal End Bal