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Required information Problem 3-9B (Algo) Complete the full accounting cycle (LO3-3, 3-4, 3-5,3-6, 3-7) [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 $47,500 Accounts Receivable 31,700 Land 116,800 Accounts Payable $15,900 Notes Payable (due in 2 years) 36,000 Common Stock 106,000 Retained Earnings 38,100 Totals $196,800 $196,000 The following is a summary of the transactions for the year. 1. January 12 Provide services to customers on account, $68,400. 2. February 25 Provide services to customers for cash, $78,300. 3. March 19 Collect on accounts receivable, $46,300. 4. April 30 Issue shares of common stock in exchange for $36,000 cash. 5. June 16 Purchase supplies on account, $13,300. 6. July 7 Pay on accounts payable, $11.900. 7. September 30 Pay salaries for employee work in the current year, $70,200. 8. November 22 Pay advertising for the current year, $23,100. 9. December 30 Pay $3,500 cash dividends to stockholders. The following information is available for the adjusting entries. Accrued interest on the notes payable at year-end amounted to $3,100 and will be paid January 1, 2025. Accrued salaries at year-end amounted to $2,100 and will be paid on January 5, 2025. Supplies remaining on hand at the end of the year equal $2,900. JACKRABBIT RENTALS Post-Closing Trial Balance December 31, 2024 Accounts Debit Credit Cash Accounts Receivable Supplies Land 2,900 116,800 Accounts Payable Salaries Payable Interest Payable Notes Payable Common Stock Retained Earnings Totals $ 119,700 $ 0