The general ledger of Jackrabbit Rentals at January 1, 2021, Includes the following account balances: Credits Debits $ 50, 500 34,700 119,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 16,200 39,000 109,000 40,800 $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. Dune 16 Purchase supplies on account, $13,900 6. July 7 Pay on accounts payable, $12,200. 7. Septenber 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 Jonuary 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, Back This window shows your responses and what was marked correct and incorrect from your previous attempt Required information 14 Salaries Payable Accounts Payable 16,200 12.200 13,90015 Beg BN 5 Beg Bal $ > 75,000ADJ2 ono 17,900 End Bal 75,000 End B 42/2 twarded internet Payable 0 3,400 AN1 Notes Payable 39.000 Dog Bal og 3.400 End Bal End Bal 30,000 Beg Bal Common stock 109,000 39.000 4 Beg Ba AD 3 Retained Earnings 40 800 3 800 38.100 % ADJ. 3 79,800 S $ 2 148.000 End Bal 4.700 End Ha Required information 14 Dividends Beg Bal 9 Beg Bal |ADJ. 1 3800 0% ADJ. 3 Service Revenue 0 0X 71,4001 79.8002 + 7 of 8 End. Bal 3,800 End Bal 151,200 212 its warded Advertising Expense SO Big Bal 7 AD 3 Salarlet Expense 0 73.200 2.400 ADJ 2 4.800 > Beg Bal 8 23.400 3,400 % ADJ 1 % End Bal 75.000 End Bal 20.000 Interest Expense Supplies Expense Bog Bal Beg Bal ADJ. 2 ADJ 1 $ 3.400 0X ADJ 1 8 X 10.700 3.200 ADJ 3 End Bal 3,400 End Bal 7.500