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Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection.

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Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. On January 1, 2024, the general ledger of Big Blast Fireworks includes the following account balances: The $36,000 beginning balance of inventory consists of 360 units, each costing $100. During January 2024, Big Blast Fireworks had the following inventory transactions: January 3 Purchase 1,500 units for $156,000 on account ( $104 each). January 8 Purchase 1,600 units for $174,400 on account ( $109 each). January 12 Purchase 1,700 units for $193,800 on account ( $114 each). January 15 Return 130 of the units purchased on January 12 because of defects. January 19 Sel1 4,900 units on account for $735,000 The cost of the units sold is determined using a piro perpetual inventory systen. January 22 Receive $709,000 fron custoners on accounts receivable. January 24 Pay $500,000 to inventory suppliers on accounts payable. January 27 Write of f accounts receivable as uncollectible, $3,100. January 31 Pay cash for salaries during January, $120,000. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Prepare a classified balance sheet as of January 31, 2024. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. 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.) Journal entry worksheet 34567816 Record purchase of 1,500 units for $156,000 on account ( $104 each). Note: Enter debits before credies

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