$[$The following information applies to the questions displayed below.$]$

The general ledger of Jackrabbit Rentals at January $1,2024,$ includes the following account balances:

Accounts Debits Credits

Cash $$51,500$

Accounts Receivable $35,700$

Land $120,800$

Accounts Payable $$16,300$

Notes Payable $($due in $2$ years$)40,000$

Common Stock $110,000$

Retained Earnings $41,700$

Totals $$208,000$ $$208,000$

The following is a summary of the transactions for the year:

$1.$ January $12$ Provide services to customers on account, $$72,400.$

$2.$ February $25$ Provide services to customers for cash, $$80,300.$

$3.$ March $19$ Collect on accounts receivable, $$46,700.$

$4.$ April $30$ Issue shares of common stock in exchange for $$40,000$ cash.

$5.$ June $16$ Purchase supplies on account, $$14,100.$

$6.$ July $7$ Pay on accounts payable, $$12,300.$

$7.$ September $30$ Pay salaries for employee work in the current year, $$74,200.$

$8.$ November $22$ Pay advertising for the current year, $$23,500.$

$9.$ December $30$ Pay $$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.$

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