[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 $59,500   Accounts Receivable 43,700   Land 128,800   Accounts Payable   $17,100 Notes Payable (due in 2 years)   48,000 Common Stock   118,000 Retained Earnings   48,900 Totals $232,000 $232,000   The following is a summary of the transactions for the year:   1. January 12 Provide services to customers on account, $80,400. 2. February 25 Provide services to customers for cash, $84,300. 3. March 19 Collect on accounts receivable, $47,500. 4. April 30 Issue shares of common stock in exchange for $48,000 cash. 5. June 16 Purchase supplies on account, $15,700. 6. July 7 Pay on accounts payable, $13,100. 7. September 30 Pay salaries for employee work in the current year, $82,200. 8. November 22 Pay advertising for the current year, $24,300. 9. December 30 Pay $4,700 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $4,300 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $3,300 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $4,100.   9. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)