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7 17 Required information Exercise 5-22A Complete the accounting cycle using receivable transactions (LO5-1,5-2,5-4,5-5,5-7) (GL) [The following information applies to the questions displayed below.) The

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7 17 Required information Exercise 5-22A Complete the accounting cycle using receivable transactions (LO5-1,5-2,5-4,5-5,5-7) (GL) [The following information applies to the questions displayed below.) The general ledger of Pop's Fireworks includes the following account balances in 2021: Credit Debit $ 24,400 49,500 $ 5,400 * 11,500 42,000 101,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (88, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Supplies Expense Totals 15,500 170,000 31,500 128,000 ces 72,500 29,000 20,500 $350,400 $350,400 June In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: 3 Provide additional services on account for $23,000. All services on account include terms 2/10, , n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $13,000. November 15 Write off customer accounts of $3,100 as uncollectible. Exercise 5-22A Part 6 6. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" account field.) View transaction list Journal entry worksheet 2 Record the closure of expense accounts. s Note: Enter debits before credits. Date General Journal Debit Credit Jan 31, 2021 View general journal Clear entry Record entry S

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