GL2-11 Complete the accounting cycle On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,600 Credit 7,000 4,900 68,000 $ 5,000 83,000 17,500 $105,500 $105,500 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $11,400 ($950/month). January 9 Purchase additional supplies on account, $5,300. January 13 Provide services to customers on account, $27,300. January 17 Receive cash in advance from customers for services to be provided in the future, $5,500. January 20 Pay cash for salaries, $13,300. January 22 Receive cash on accounts receivable, $25,900. January 29 Pay cash on accounts payable, $5,800. The following information is available on January 31. . . Rent for the month of January has expired. 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 paid in advance on January 17. Unpaid salaries at the end of January are $4,540.