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The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash $ 45,500 Accounts Receivable 29,700 Land

The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances:

Accounts Debits Credits
Cash $ 45,500
Accounts Receivable 29,700
Land 114,800
Accounts Payable $ 15,700
Notes Payable (due in 2 years) 34,000
Common Stock 104,000
Retained Earnings 36,300
Totals $ 190,000 $ 190,000

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

1. January 12 Provide services to customers on account, $66,400.
2. February 25 Provide services to customers for cash, $77,300.
3. March 19 Collect on accounts receivable, $46,100.
4. April 30 Issue shares of common stock in exchange for $34,000 cash.
5. June 16 Purchase supplies on account, $12,900.
6. July 7 Pay on accounts payable, $11,700.
7. September 30 Pay salaries for employee work in the current year, $68,200.
8. November 22 Pay advertising for the current year, $22,900.
9. December 30 Pay $3,300 cash dividends to stockholders.

The following information is available for the adjusting entries.

Accrued interest on the notes payable at year-end amounted to $2,900 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $1,900 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,700.

(I need Income Statement and Balance Sheet)

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