prepare adjusting entry for

rent

supplies

service provided to customers in advance

salaries payable

prepare income statement ended in jan31st

Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balancs: Debit Credit $24,200 5,600 3,580 54,000 Accounts Cash Accounts Receivable Supplies Land Accounts Payable $3,680 69,00e 14, 788 Common Stock Retained Earnings $87,300 $87,38 Totals During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,28e (s6ee/month). Danuary 9 Pu January 13 Provide services to customers on account, $25,9ee. January 17 Receive cash in advance January 28 Pay cash for salaries, $11,9ee January 22 Receive cash on accounts receivable, $24,5ee January 29 Pay cash on accounts payable, $4, 400. rchase additional supplies on account, $3,9ee. from customers for services to be provided in the future, $4,100. Rent for the month of January has expired ining at the end of January total $3.20o By the end of January, $3,500 of services has been provided to customers who paid in advance on January 17 Unpaid salaries at the end of January are $5,520. 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular tcansa elect "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 Record the adjusting entry for rent. Rent for the month of January has expired During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7 Danuary 9 Purchase additional supplies on account, $3,9ee. January 13 Provide services to customers on account, $25,9e0 January 17 Receive cash in advance from customers for service January 20 Pay cash for salaries, $11,90. January 22 Receive cash on accounts receivable, $24,5e0 January 29 Pay cash on accounts payable, $4,4e0. 4. Prepare an income statement for the period ended January 31, 202 DYNAMITE FIREWORKS Income Statement For the year ended January 31, 2021 Revenues: Service Revenue 25,900 Expenses: $ 11,900 Rent Expense 600 Total Expenses income pe here to search