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 130,800 Accounts Payable 17,300 Notes Payable (due in 2 years) 50,000 Common Stock 120,000 50,700 Retained Earnings $238,60 $230,000 Totals The following is a summary of the transactions for the year. 1. January 12 Provide services to customers on account, 582,400 2. February 25 Provide services to customers for cash, S8,360. 3. March 19 Collect on accounts receivable, 547,700. 4. April 30 Issue shares of common stock in exchange for $50,000 cash. 5. June 16 Purchase supplies on account, $16,100 6. July 7 Pay on accounts payable, $13,300. 7. September 30 Pay salaries for employee work in the current vear, $84.200 Next > 6 of 6 4 2 3