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please help me answer these. thank you. On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash
please help me answer these. thank you.
On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,700 6,100 4,000 59,000 $ 4,100 74,000 15,700 $93,800 $93,800 During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $8,700 ($725/month). January 9 Purchase additional supplies on account, $4,400. January 13 Provide services to customers on account, $26,400. January 17 Receive cash in advance from customers for services to be provided in the future, $4,600. January 20 Pay cash for salaries, $12,400. January 22 Receive cash on accounts receivable, $25,000. January 29 Pay cash on accounts payable, $4,980. The following information is available on January 31. . Rent for the month of January has expired. Supplies remaining at the end of January total $3.700. By the end of January, $3,875 of services has been provided to customers who paid in advance on January 17. Unpaid salaries at the end of January are $5.170. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare an income statement for the period ended January 31, 2021. Choose the appropriate accounts to come company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, selection. Unadjusted Dynamite Fireworks Income Statement For the year ended January 31, 2021 Revenues: Total Revenue Expenses: Total Expenses Unadjusted Dynamite Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Total Current Assets Total Liabilities Long-term Assets: Stockholders' Equity Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets Prey 4 of 4 Next Adjusted Dynamite Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Total Liabilities Total Current Assets Long-term Assets: Stockholders' Equity Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total AssetsStep by Step Solution
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