The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals Debits $ 59,500 Credits 43,700 128,800 17,100 48,000 118,000 48,900 $232,000 $232,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $80,400. 2. February 25 Provide services to customers for cash, $84,300. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $47,500. 30 Issue shares of common stock in exchange for $48,000 cash. 16 Purchase supplies on account, $15, 700. 7 Pay on accounts payable, $13,100. 7. September 30 Pay salaries for employee work in the current year, $82,200. 8. November 22 Pay advertising for the current year, $24,300. 9. December 30 Pay $4,700 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,300 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $3,300 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $4,100.