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

Accounts	Debits				Credits
Cash	$	50,500
Accounts Receivable		34,700
Land		119,800
Accounts Payable						16,200
Notes Payable (due in 2 years)						39,000
Common Stock						109,000
Retained Earnings						40,800
Totals	$	205,000			$	205,000

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

1.		January		12		Provide services to customers on account, $71,400.
2.		February		25		Provide services to customers for cash, $79,800.
3.		March		19		Collect on accounts receivable, $46,600.
4.		April		30		Issue shares of common stock in exchange for $39,000 cash.
5.		June		16		Purchase supplies on account, $13,900.
6.		July		7		Pay on accounts payable, $12,200.
7.		September		30		Pay salaries for employee work in the current year, $73,200.
8.		November		22		Pay advertising for the current year, $23,400.
9.		December		30		Pay $3,800 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $3,400 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,400 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,200.

1. 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.) 2. Prepare an unadjusted trial balance. 3.Record adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,400 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,400 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,200. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

4. Prepare an adjusted trial balance.

5. Prepare an income statement for the year ended December 31, 2021.

6. Prepare a classified balance sheet for the year ended December 31, 2021.

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

8.Post the transactions, adjusting entries and closing entries to the T-accounts. Be sure to include beginning balances. 9. Prepare a post-closing trial balance.