[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	$41,500
Accounts Receivable	25,700
Land	110,800
Accounts Payable		$15,300
Notes Payable (due in 2 years)		30,000
Common Stock		100,000
Retained Earnings		32,700
Totals	$178,000	$178,000

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

1. January 12	Provide services to customers on account, $62,400.
2. February 25	Provide services to customers for cash, $75,300.
3. March 19	Collect on accounts receivable, $45,700.
4. April 30	Issue shares of common stock in exchange for $30,000 cash.
5. June 16	Purchase supplies on account, $12,100.
6. July 7	Pay on accounts payable, $11,300.
7. September 30	Pay salaries for employee work in the current year, $64,200.
8. November 22	Pay advertising for the current year, $22,500.
9. December 30	Pay $2,900 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $2,500 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $1,500 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,300.

9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

Record the entry to close the revenue accounts. Note: Enter debits before credits. Record the entry to close the expense accounts. Note: Enter debits before credits. Record the entry to close the dividends account. Note: Enter debits before credits