The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Accounts Cash Debits $ 51,500 Credits Accounts Receivable Land 35,700 120,800 Accounts Payable 16,300 Notes Payable (due in 2 years) 40,000 Common Stock Retained Earnings Totals 110,000 41,700 $208,000 $208,000 The following is a summary of the transactions for the year; 1. January 12 Provide services to customers on account, $72,400. 2. February 25 Provide services to customers for cash, $80,300. 3. March 4. April 5. June 6. July 19 Collect on accounts receivable, $46,700. 30 Issue shares of common stock in exchange for $40,000 cash. 16 Purchase supplies on account, $14,100. 7 Pay on accounts payable, $12,300. 7. September 30 Pay salaries for employee work in the current year, $74,200. 8. November 22 Pay advertising for the current year, $23,500. 9. December 30 Pay $3,900 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,500 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,500 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,300.