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Required information Skip to question [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: Accounts Debits Credits Cash $58,500 Accounts Receivable 42,700 Land 127,800 Accounts Payable $17,000 Notes Payable (due in 2 years) 47,000 Common Stock 117,000 Retained Earnings 48,000 Totals $229,000 $229,000 The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $79,400. 2. February 25 Provide services to customers for cash, $83,800. 3. March 19 Collect on accounts receivable, $47,400. 4. April 30 Issue shares of common stock in exchange for $47,000 cash. 5. Jun

Required information [The following information applies to the questions displayed below.] The general ledger of Jackrabbit Rentals at January 1, 2024, includes the following account balances: The following is a summary of the transactions for the year: 1. January 12 Provide services to customers on account, $79,400. 2. February 25 Provide services to customers for cash, $83,800. 3. March 19 Collect on accounts receivable, $47,460. 4. April 30 Issue shares of common stock in exchange for $47,000cash. 5. June 16 Purchase supplies on account, $15,500. 6. July 7 Pay on accounts payable, $13,000. 7. September 30 Pay salaries for employee work in the current year, $81,200. 8. November 22 Pay advertising for the current year, $24,200. 9. December 30 Pay $4,600 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,200 and will be paid January 1,2025 . Accrued salaries at year-end amounted to $3,200 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $4,000. 4. Prepare an unadjusted trial balance. 4. Prepare an unadjusted trial balance

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