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 $ 45,500 Credits 29,700 114,800 15,700 34,000 104,000 36,300 $190,000 $190,000 The following is a summary of the transactions for the year. 1. January 12 Provide services to customers on account, $66,400. 2. February 25 Provide services to customers for cash, $77,300. 19 Collect on accounts receivable, $46,100. 3. March 4. April 5. June 6. July 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. 7. 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 stockholders. 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 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,700. 1.3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances.