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 Credits Cash Debits $ 56,500 40,700 125,800 Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 16,800 45,000 115,000 46,200 $223,000 $223,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $77,400. 2. February 25 Provide services to customers for cash, $82,800. 3. March 19 Collect on accounts receivable, $ 47,200. 4. April 30 Issue shares of common stock in exchange for $45,000 cash. 5. June 16 Purchase supplies on account, $15,100. 7 Pay on accounts payable, $12,800. 7. September 30 Pay salaries for employee work in the current year, $79,200. 8. November 22 Pay advertising for the current year, $24,000. 9. December 30 pay $4,400 cash dividends to stockholders. 6. July The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,000 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $3,000 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,800. 11. Prepare a post-closing trial balance. JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2021 Accounts Debit 5 of 5 Credit Book Total