Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,800 7,200 5, 100 70,000 $ 5,200 85,000 17,900 $108, 100 $ 108, 100 During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance. $12,000 ($1,000/month) January 9 on January 13 Provide services to customers on account, $27,500. January 17 Receive cash in advance from customers for services to be provided in the future, $5,700. January 20 Pay cash for salaries, $13,500. January 22 Receive cash on accounts receivable, $26, 100. January 29 Pay cash on accounts payable, $6,000. The following information is available on January 31. a. Rent for the month of January has expired. b. Supplies remaining at the end of January total $4,800. c. By the end of January, $4,700 of services has been provided to customers who paid in advance on January 17 d. Unpaid salaries at the end of January are $4,400. January 2 Purchase rental space for one year in advance, $12,000 ($1,000/month). January 9 Purchase additional supplies on account, $5,500. January 13 Provide services to customers on account, $27,500. January 17 Receive cash in advance from customers for services to be provided in the future, $5,700. January 20 Pay cash for salaries, $13,500. January 22 Receive cash on accounts receivable, $26, 100. January 29 Pay cash on accounts payable, $6,000. The following information is available on January 31, a. Rent for the month of January has expired. b. Supplies remaining at the end of January total $4,800. c. By the end of January, $4,700 of services has been provided to customers who paid in advance on January 17 d. Unpaid salaries at the end of January are $4,400. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare the journal entries for transactions. If no entry is required for a particular transaction/event, select "No journal entry required in the first account field. View transaction list