The following information applies to the questions displayed below) The general ledger of Jackrabbit Rentals at January 1, 2018, includes the following account balances: Debits S 41,500 25,700 Credits Cash Accounts Receivable Land Accounts Payable Notes Payable Common Stock Retained Earnings S 15,300 30,000 100,000 32,700 Totals $178,000 $178,000 The following is a summary of the transactions for the year: a. January 12 Provide services to customers on account, $62,400. b. February 25 Provide services to customers for cash, $75,300. C. March 19 Collect on accounts receivable, $45,700. d. April 30 Issue shares of common stock in exchange for $30,000 cash. e. June 16 Purchase supplies on account, $12,100. f. July 7 Pay on accounts g. September 30 Pay salaries for employee work in the current year, $64,20O h. November 22 Pay advertising for the current year, $22,500. i. December 30 Pay $2,900 cash dividends to stockholders. j. Accrued interest on the notes payable at year-end amounted to $2,500. Accrued salaries at year-end amounted to $1,500. Supplies remaining on hand at the end of the year equal $2,300. payable, $11,300. 0.25 points 1.3. 6.&10. Enter the unadjusted balances from the trial balance and post the adjusting entries to the T-accounts, and post the closing entries to the T-accounts Cash Accounts Receivable Beg. Bal Beg. Bal End. Bal End. Bal. Supplies Land Beg. Bal Beg. Bal End. Bal End. Bal Accounts Payable Salaries Payable Beg. Bal Beg. Bal End. Bal End. Bal. Interest Payable Notes Payable Beg. Bal End. Bal End. Bal. Common Stock Retained Earnings Beg. Bal Beg. Bal End. Bal. End. Bal Dividends Service Revenue Beg. Bal Beg. Bal End. Bal End. Bal Salaries Expense Advertising Expense Beg. Bal Beg. Bal End. Bal End. Bal Interest Expense Supplies Expense Beg. Bal. Beg. Bal End. Bal. End. Bal. Rec 0.25 points 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.) View transaction list Journal entry worksheet Record the service revenue on account, $62,400. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 22. 025 ponts value: 4. Prepare an unadjusted trial balance JACKRABBIT RENTALS Unadjusted Trial Balance December 31, 2018 Accounts Debit Credit Cash Acco Supplies Land Accounts payable Salaries payable Interest payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Interest expense Supplies expense unts receivable Total 23. 02s points 5.Record adjusting entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.,) View transaction list Journal entry worksheet 2 3 Record the adjustment for interest expense. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal value: 0.25 points 7. Prepare an adjusted trial balance JACKRABBIT RENTALS Adjusted Trial Balance December 31, 2018 Accounts Debit Credit Cash Accounts receivable Supplies Land Accounts payable Salaries payable Interest payable Notes payable Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Interest expense Supplies expense Total 25. 025 points value: 8-a. Prepare an income statement for the year ended December 31, 2018 JACKRABBIT RENTALS Income Statement For the Year Ended December 31, 2018 Expenses: Total expenses 8-b. Prepare a classified balance sheet for the year ended December 31, 2018. JACKRABBIT RENTALS Balance Sheet December 31, 2018 Assets Liabilities Total current assets Total current liabilities Total liabilities Stockholders' Equity Total stockholder's equity Total liabilities and stockholders' equity Total assets value: 0.25 points 9. Record closing entries. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 2 3 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date December 31 2018 General Journal Debit Credit Record entry Clear entry View general journal value: 0.25 points 11. Prepare a post-closing trial balance. JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2018 Accounts Debit Credit Totals