[The following information applies to the questions displayed below.) The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances: Credits Debita $ 53,500 37,700 122,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totala 16,500 42,000 112,000 43,500 $214,000 $214,000 The following is a summary of the transactions for the year. 3. March 1. January 12 Provide services to customers on account, $74,400. 2. February 25 Provide services to customers for cash. $81,300. 19 Collect on accounts receivable, $46,900. 4. April 30 Issue shares of common stock in exchange for $42,000 cash 5. June 16 Purchase supplies on account, 514,500. 6. July 7 Pay on accounts payable, $12,500. 7. September 30 Pay salaries for employee work in the current year, $76,200. 8. November 22 Pay advertising for the current year, $23,700. 9. December 30 Pay 54,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,700 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,700 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,500 The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Credits Account Cash Accounts Receivable Debitis $ 53,500 37,700 122,800 Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings 16,500 42,000 112,000 43.500 $214,000 Totals $214,000 The following is a summary of the transactions for the year. 1. January 12 Provide services to customers on account, $74,400. 2. February 25 Provide services to customers for cash, $81,300. 3. March 19 Collect on accounts receivable, $46,900. 4. April 30 Tusue shares of common stock in exchange for $42,000 cash. 5. June 16 Purchase supplies on account, $14,500. 6. July 7 Pay on accounts payable, $12,500. 7. September 30 Pay salaries for employee work in the current year, $76,200. 8. November 22 Pay advertising for the current year, $23,700. 9. December 30 Pay $4,100 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,700 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,700 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,500