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 Debits Credits Cash $ 61,500 Accounts Receivable 45,700 Land 139,800 Accounts Payable 17,380 Notes Payable (due in 2 years) 5e, Common Stock 120, eee 50,700 Retained Earnings $238,000 $238,888 Totals The following is a summary of the transactions for the year 1. January 12 Provide services to customers on account, $82, 480. 2. February 25 Provide services to customers for cash, $85,300. 3. March 19 Collect on accounts receivable, $47,7ee. 4. April 30 Issue shares of common stock in exchange for $5e,eee cash. 5. June 16 Purchase supplies on account, $16, 100. 6 July 7 Pay on accounts pavable. $13.3ee. tayt browser=0&launchUrlhttps%253A25 Help Save & Edit Saved Veriudry 12 Provine Services LU CUSCRON LLULL, 302,400. 2. February 25 Provide services to customers for cash, $85,300. 3. March 19 Collect on accounts receivable, $47,700. 4. April 30 Issue shares of common stock in exchange for $5e,eee cash. 5. June 16 Purchase supplies on account, $16,100. 6. July 7 Pay on accounts payable, $13,380. 7. September 30 Pay salaries for employee work in the current year, 584,200. 8. November 22 Pay advertising for the current year, $24,500 9. December 30 Pay $4,900 cash dividends to stockholders. The following information is available for the adjusting entries Accrued Interest on the notes payable at year-end amounted to $4,500 and will be paid January 1 2022. Accrued salaries at year-end amounted to $3,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $4,300. 3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances Accounts Receivable Cash Bog. Bal Jeg. Bal. Next > 5 6 of 6 # Prey M