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Comprehensive Problem 1 I The following information applies to the questions displayed below] On December 1, 2015, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts Cash Accounts recelvable m Prepald rent Unexplred insurance Office supplies Rental equlpment Capital stock Retalned earnings Dividends Income summary Rental fees earned Salarles expense Maintenance expense Utilities expense Rent expense Office supplies expense Depreclation expense Interest expense Income taxes expense oten ue de eton Rental equipment Mamtenance expense Notes payable Accounts payable Interest payable Salanies payable Dividends payable hearned rental fees Income taxes payable The corporation performs adjusting entries monthly Closing entries are performed annually on December 31. During December the corpration entered into the following transactions