The general ledger of Jackrabbit Rentals at January 1, 2021, includes the following account balances: Credits Debits $ 48,500 32,700 117,800 Accounts Cash Accounts Receivable Land Accounts Payable Notes Payable (due in 2 years) Common Stock Retained Earnings Totals 16, eee 37, eee 107,600 39,000 $199,000 $199,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $69,480. 2. February 25 Provide services to customers for cash, $78,800. 3. March 19 Collect on accounts receivable, $46,400. 4. April 30 Issue shares of common stock in exchange for $37,000 cash. 5 June 16 Purchase supplies on account, $13,5ee. 6. July 7 Pay on accounts payable, $12,000. 7. September 30 Pay salaries for employee work in the current year, $71,200. 8. November 22 Pay advertising for the current year, $23,200. 9. December 30 Pay $3,600 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,200 and will be paid January 1, 2022. Accrued salaries at year-end amounted to $2,200 and will be paid on January 5, 2022. Supplies remaining on hand at the end of the year equal $3,000. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list