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need Balancsheet and Income Statement quickly. GL2-11 Complete the accounting cycle On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account
need Balancsheet and Income Statement quickly.
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 Coinmon Stock Retained Earnings Totals Debit $ 25, 200 6,600 4,500 64,000 $4,600 79,000 16,700 $100,300 $100, 300 During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, 510,200 ($850/month). January 9 Purchase additional supplies on account, $4,900. January 13 Provide services to customers on account, $26,900. January 17 Receive cash in advance from customers for services to be provided in the future, $5,100. January 20 Pay cash for salaries, $12,900. January 22 Receive cash on accounts receivable, $25,500 January 29 Pay cash on accounts payable, 55,400. The following information is available on January 31, Rent for the month of January has expired. Supplies remaining at the end of January total $4,200. . By the end of January, $4.250 of services has been provided to customers who paid in advance on January 17 Unpaid salaries at the end of January are $4.820. 6 Step by Step Solution
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