record entry to close revenue and expense account

On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: 6 of 7 $24,200 5,660 3,509 54,000 Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings % 3,600 69,000 Totals $87,300 $87,38e During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $7,200 ($6e0/month). anuary 9 Purchase additional supplies on account, 53,9ee. anuary 13 Provide services to custoners on account, $25,900. anuary 17 Receive cash in advance fros custoeers for services to be provided in the future, $4,10. danuary 20 Pay cash for salaries, $11,900. January 22 Receive cash on accounts receivable, 524,50s. anuary 29 Pay cash on accounts payable, $4,400 6. Record closing entries. (of no entry is required for a particuler trensaction/event, select "No Journal Entry Required" in the first occount field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts January 31, 2021 Clear entry Record entry On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: 6 of 7 $24,200 5,660 3,509 54,000 Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings % 3,600 69,000 Totals $87,300 $87,38e During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $7,200 ($6e0/month). anuary 9 Purchase additional supplies on account, 53,9ee. anuary 13 Provide services to custoners on account, $25,900. anuary 17 Receive cash in advance fros custoeers for services to be provided in the future, $4,10. danuary 20 Pay cash for salaries, $11,900. January 22 Receive cash on accounts receivable, 524,50s. anuary 29 Pay cash on accounts payable, $4,400 6. Record closing entries. (of no entry is required for a particuler trensaction/event, select "No Journal Entry Required" in the first occount field.) View transaction list Journal entry worksheet Record the entry to close the revenue accounts January 31, 2021 Clear entry Record entry