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my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question ! Required information 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 $24,600 6,000 3,900 58,000 $ 4,000 73,000 15,500 $92,500 $92,500 During January 2021, the following transactions occur. January 2 Purchase rental space for one year in advance, $8,400 ($700/month). January 9 Purchase additional supplies on account, $4,300. January 13 Provide services to customers on account, $26,300. January 17 Receive cash in advance from customers for services to be provided in the future, $4,500. January 20 Pay cash for salaries, $12,300. January 22 Receive cash on accounts receivable, $24,900. January 29 Pay cash on accounts payable, $4,800. 3. Prepare an adjusted trial balance as of January 31, 2021. Answer is not complete. DYNAMITE FIREWORKS Adjusted Trial Balance January 31, 2021 Debit Credit ws 28,500 Accounts Cash Anti 3. Prepare an adjusted trial balance as of January 31, 2021. Answer is not complete. Credit DYNAMITE FIREWORKS Adjusted Trial Balance January 31, 2021 Accounts Debit Cash $ 28,500 Accounts Receivable 7,400 Supplies 8,200 X Prepaid Rent 7,700 Land 58,000 Accounts Payable Deferred Revenue Service Revenue Common Stock Retained Earnings Salaries Payable 8,700 X Rent Expense 700 Supplies Expense 4,300 x 700 3,500 X 73,000 15,500 Totals $ 123,500 $ 92,700 ! Required information 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 Credit $24,600 6,000 3,900 58,000 $ 4,000 73,000 15,500 $92,500 $92,500 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $8,488 ( $700/month). January 9 Purchase additional supplies on account, $4,300. January 13 Provide services to customers on account, $26,300. January 17 Receive cash in advance from customers for services to be provided in the future, $4,500. January 20 Pay cash for salaries, $12,300. January 22 Receive cash on accounts receivable, $24,900. January 29 Pay cash on accounts payable, $4,800. 3. Prepare an adjusted trial balance as of January 31, 2021. Answer is not complete. DYNAMITE FIREWORKS Adjusted Trial Balance January 31, 2021 Debit Credit Accounts Cash $ 28,500 7,400 counts Receivable 3. Prepare an adjusted trial balance as of January 31, 2021. Answer is not complete. Credit DYNAMITE FIREWORKS Adjusted Trial Balance January 31, 2021 Accounts Debit Cash $ 28,500 Accounts Receivable 7,400 Supplies 8,200 X Prepaid Rent 7,700 Land 58,000 Accounts Payable Deferred Revenue Service Revenue Common Stock Retained Earnings Salaries Payable 17,540 X Rent Expense 700 Supplies Expense 4,600 700 3,500 X 73,000 15,500 Totals $ 132,640 $ 92,700

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