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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

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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, $8,400 ($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. The following information is available on January 31. Rent for the month of January has expired. Supplies remaining at the end of January total $3,600, By the end of January, $3,800 of services has been provided to customers who paid in advance on January 17. Unpaid salaries at the end of January are $5,240. . . View transaction list Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits Date Account Title Debit Credit Jan 31 30,100 Service Revenue Retained Earnings 30,100 ces Record entry Clear entry View general journal

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