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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
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: Debits $47,500 31,700 116,800 Credits Accounts Cash Accounts Receivable Land Not ts Payable Common Stock Retained Earnings 15,900 36,000 le (due in 2 years) 106,000 38,100 $196,000 $196,000 Totals The following is a summary of the transactions for the year 1. January 2. February 3. March 12 Provide services to customers on account, $68,400 25 Provide services to customers for cash, $78,300 19 Collect on accounts receivable, $46,300 30 Issue shares of common stock in exchange for $36,000 cash 16 Purchase supplies on aee 900 4 April 3,300 June 6 salaries for ovee work in the current year, $70,200. 7. September 30 Pa 8. November 9. De 22 Pay advertis ing for the current year, $23,100 . ash dividen 30 Pay $3, 5 to stockholders nber The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,100 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,100 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,900. 4. Prepare an unadjusted trial balance
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