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 Debits Credits Cash $42,500 Accounts Receivable 26,700 Land 111,800 Accounts Payable $15,400 Notes Payable (due in 2 years) 31,000 Common Stock 101,000 Retained Earnings 33,600 Totals $181,000 $181,000 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 Provide services to customers on account, $63,400. Provide services to customers for cash, $75,800. Collect on accounts receivable, $45,800. Issue shares of common stock in exchange for $31,000 cash. Purchase supplies on account, $12,300. Pay on accounts payable, $11,400. Pay salaries for employee work in the current year, $65,200. Pay advertising for the current year, $22,600. Pay $3,000 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,600 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $1,600 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,400. 11. Prepare a post-closing trial balance. JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit