[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 Cash Debits $ 51,500 Credits Accounts Receivable 35,700 Land 120,800 Accounts Payable 16,300 2 years) Common Stock Notes Payable (due in Retained Earnings 40,000 110,000 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 4. April 5. June 6. July 19 Collect on accounts receivable, $46,700. 30 Issue shares of common stock in exchange for $40,000 cash. 16 Purchase supplies on account, $14,100. 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, 2022. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,300. 5. Record adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,500 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,300. (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 1 2 Record the adjusting entry for notes payable. Accrued interest on the notes payable at year-end amounted to $3,500 and will be paid January 1, 2022. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry View general journal Clear entry 5. Record adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,500 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,300. (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 < 1 Record the adjusting entry for accrued salaries. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2022. Note: Enter debits before credits. Transaction December 31 General Journal Debit Credit Record entry View general journal Clear entry View transaction list Journal entry worksheet <12 entry