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On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Purchase
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $8,100 (\$675/month). January 9 Purchase additional supplies on account, 54,200 . January 23 Provide services to customers on account, $26,200. January 17 Receive cash in advance from customers for services to be provided in the future, 54,400 . January 20 Pay cash for salaries, $12,200. January 22 Receive cash on accounts receivable, $24,800. January 29 Pay cash on accounts payable, 54,700 . The following information is avallable on January 31 . - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. - By the end of January, $3,725 of services has been provided to customers who paid in advance on January 17. - Unpald salaries at the end of January are $5,310. Answer is not complete. Prepare the journal entries for transactions. If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field
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