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 Credits $ 50,500 34,700 119,800 16,200 39,000 109,000 40,800 $205,000 $205,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $71,400. 2. February 25 Provide services to customers for cash, $79,800. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $46,600. 30 Issue shares of common stock in exchange for $39,000 cash. 16 Purchase supplies on account, $13,900. 7 Pay on accounts payable, $12,200. 7. September 30 Pay salaries for employee work in the current year, $73,200. 8. November 22 Pay advertising for the current year, $23,400. 9. December 30 Pay $3,800 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,400 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,400 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,200