The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances:

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

1.		January		12		Provide services to customers on account, $65,400.
2.		February		25		Provide services to customers for cash, $76,800.
3.		March		19		Collect on accounts receivable, $46,000.
4.		April		30		Issue shares of common stock in exchange for $33,000 cash.
5.		June		16		Purchase supplies on account, $12,700.
6.		July		7		Pay on accounts payable, $11,600.
7.		September		30		Pay salaries for employee work in the current year, $67,200.
8.		November		22		Pay advertising for the current year, $22,800.
9.		December		30		Pay $3,200 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $2,800 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $1,800 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,600

1. 3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances.

Required information [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Debits $ 44,500 28,700 113,800 Accounts Credits Cash Accounts Receivable Land 15,600 33,000 103,000 Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings 35,400 $187,000 $187,000 Totals The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $65,400. 25 Provide services to customers for cash, $76,800. 19 Collect on accounts receivable, $46,000 30 Issue shares of common stock in exchange for $33,000 cash. 16 Purchase supplies on account, $12,700 7 Pay on accounts payable, $11,600 2. February 3. March 4. April 5. June 6. July 7. September 30 Pay salaries for employee work in the current year, $67,200 8. November 22 Pay advertising for the current year, $22,800 30 Pay $3, 200 cash dividends to stockholders. 9. December The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $2,800 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $1,800 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $2,600 1. 3. 6. & 10. Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. Cash Accounts Receivable Beg. Bal Beg. Bal. 44,500 28,700 11,600 f. 67,200 g 22,800 h 65,400 . b. 76,800 76,800 C c. 46,000 d. 33,000 3,200 End. Bal. End. Bal 95,500 170,900 Supplies Land Beg. Bal. Beg. Bal 12,700 . End. Bal. 12,700 End. Bal Salaries Payable Accounts Payable Beg. Bal. Beg. Bal. End. Bal End. Bal Interest Payable Notes Payable Beg. Bal. Beg. Bal End. Bal End. Bal. Retained Earnings Common Stock Beg. Bal. eg. 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