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On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances Debit Credit Accounts Cash Accounts Recelvable Supplies Land Accounts Payable

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On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances Debit Credit Accounts Cash Accounts Recelvable Supplies Land Accounts Payable Common Stock Retalned Earning $23,800 5,200 3,100 50,000 3,200 65,000 13,900 Totals 82,100 $ 82,100 During January 2018, the following transactions occur: January 2. Purchase rental space for one year in advance, $6,000 ($500/month). January 9. Purchase additional supplies on account, $3,500 January 13. Provide services to customers on account, $25,500 January 17. Receive cash in advance from customers for services to be provided in the future, $3,700 January 20. Pay cash for salaries, $11,500 January 22. Receive cash on accounts receivable, $24,100 January 29. Pay cash on accounts payable, $4,000 value: 10.00 points

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