GL2-11 Complete the accounting cycle On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $25,000 6,400 4,300 62,000 $ 4,400 77,000 16,300 $97,700 $97, 700 During January 2021, the following transactions occur. January 2 Purchase rental space for one year in advance, $9,600 (SB00/month). January 9 Purchase additional supplies on account, $4,700. January 13 Provide services to customers on account, $26,700. January 17 Receive cash in advance from customers for services to be provided in the future, $4,900. January 20 Pay cash for salaries, $12,700. January 22 Receive cash on accounts receivable, $25,300. January 29 Pay cash on accounts payable, $5,200. The following information is available on January 31. Rent for the month of January has expired. Supplies remaining at the end of January total $4,000. By the end of January, $4,100 of services has been provided to customers who paid in advance on January 17, Unpaid salaries at the end of January are $4,960. . . General General Income Trial Balance Requirement Balance Sheet Analysis Journal Ledger Statement 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. Unadjusted Dynamite Fireworks Trial Balance January 29, 2021 Account Title Debit Credit Cash s 27,700 Accounts Receivable 7,800 Supplies 9,000 Prepaid Rent 9,600 Land 62,000 Accounts Payable 3,900 Deferred Revenue 4,900 Common Stock 77,000 Retained Earnings 16,300 Service Revenue 26,700 Salaries Expense 12,700 Total 128,800 $ 128,800 ADALDA General Journal Requirement General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare an income statement for the period ended January 31, 2021. 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 Unadjusted Dynamite Fireworks Income Statement For the year ended January 31, 2021 Revenues 0 Total Revenue Expenses Total Expenses 0 $ 0 General Journal General Ledger Requirement Trial Balance Income Statement Balance Sheet Analysis Prepare an income statement for the period ended January 31, 2021. 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. Adjusted Dynamite Fireworks Income Statement For the year ended January 31, 2021 Revenues: 0 Total Revenue Expenses: Total Expenses 0 0 $ General General Income Requirement Trial Balance Balance Sheet Analysis Journal Ledger Statement Prepare an income statement for the period ended January 31, 2021. 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. Post-closing Dynamite Fireworks Income Statement For the year ended January 31, 2021 Revenues 0 Total Revenue Expenses 0 Total Expenses $ 0 TANA Balance Sheet>
