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The following information applies to the questions displayed below. ] The general ledger of Jackrabbit Rentals at January 1 , 2 0 2 4 ,

The following information applies to the questions displayed below.]The general ledger of Jackrabbit Rentals at January 1,2024, includes the following account balances:AccountsDebitsCreditsCash$51,500Accounts Receivable35,700Land120,800Accounts Payable$16,300Notes Payable (due in 2 years)40,000Common Stock110,000Retained Earnings41,700Totals$208,000$208,000The following is a summary of the transactions for the year:1. January 12Provide services to customers on account, $72,400.2. February 25Provide services to customers for cash, $80,300.3. March 19Collect on accounts receivable, $46,700.4. April 30Issue shares of common stock in exchange for $40,000 cash.5. June 16Purchase supplies on account, $14,100.6. July 7Pay on accounts payable, $12,300.7. September 30Pay salaries for employee work in the current year, $74,200.8. November 22Pay advertising for the current year, $23,500.9. December 30Pay $3,900 cash dividends to stockholders.The following information is available for the adjusting entries.Accrued interest on the notes payable at year-end amounted to $3,500 and will be paid January 1,2025. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5,2025. Supplies remaining on hand at the end of the year equal $3,300.Required:2. Record each of the summary transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)
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