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On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Credit Accounts Debit Cash Accounts Receivable 25,400 6,800 4,700 66,000
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Credit Accounts Debit Cash Accounts Receivable 25,400 6,800 4,700 66,000 Supplies Land $ 4,800 81,000 17,100 Accounts Payable Common Stock Retained Earnings $102,900 102,900 Totals During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $10,800 ($900/month) January 9 Purchase additional supplies on account, $5,100 January 13 Provide services to customers on account, $27,100. January 17 Receive cash in advance from customers for services to be provided in the future, $5,300. January 20 Pay cash for salaries, $13,100. January 22 Receive cash on accounts receivable, $25,700. January 29 Pay cash on accounts payable, $5,600. Rent for the month of January has expired Supplies remaining at the end of January total $4,400 By the end of January, $4,400 of services has been provided to customers who paid in advance on January 17 Unpaid salaries at the end of January are $4,680 Debit Credit No Date General Journal January 31 0 2January 31 0 3January 31 0 4January 31
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