10 Part 2 of 7 Required Information Exercise 3-21B Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1, Year 1, the general ledger of a company Includes the following account balances: Credit 2 points Accounts Cash Accounts Receivable Supplies Debit $ 25,600 7,000 4,900 68,000 eBook References Accounts Payable Common Stock Retained Earnings Totals $ 5,080 83,980 17,500 $105,500 $195,500 During Year 1, the following transactions accur. January 2 Purchase rental space for one year in advance, $11,488 ($950/month). January 9 Purchase additional supplies on account, $5,300. January 13 Provide services to customers on account, $27,388. January 17 Receive cash in advance from customers for services to be provided in the future. $5.5ee. January 28 Pay Cash for salaries, $13,300. January 22 Receive cash on accounts receivable, $25,908. January 29 Pay cash on accounts payable, $5,890. 10 Exercise 3-21B Part 2 Part 2017 Rent for the month of January has explred. Supplies remaining at the end of January total $4,600. By the end of January, $4,550 of services has been provided to customers who pald in advance on January 17. Unpaid salaries at the end of January are $4,540. 2 points 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) eBook References View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 31 Rent Expense Prepaid Rent 2 January 31 Supplies Expense Supplies 3 January 31 Deferred Revenue Service Revenue sy January 31 Salaries Expense Salaries Payable