Question
Required information Exercise 5-22 (Static) Complete the accounting cycle using receivable transactions (LOS-1,5-2,5-4, 5- 5,5-7) (The following information applies to the questions displayed below
Required information Exercise 5-22 (Static) Complete the accounting cycle using receivable transactions (LOS-1,5-2,5-4, 5- 5,5-7) (The following information applies to the questions displayed below The general ledger of Pop's Fireworks includes the following account balances in 2024 Credit Cash Accounts Receivable 41,500 Allance for collectible Accounts Supplies $2,200 6,700 Rates Receivable (, due in 2 years) Land 5,000 Arts Payable 13,300 Common Stock atained tarnings 20,000 34,200 11,200 Service Revenue Salaries Expen Milities Expens Supplies Expen Totals In addition, the Solowing transactions occurred during 2024 and are not yet reflected in the account balances above June Provide additional services an account for 17,000. All services account include terms 2/10, w/ Receive cash from casters with riginally charged 35,000 days of the services being provided in account. The customers wer Exercise 5-22 (Static) Part 1 Required 1. Record each the transactions. Isted above of no entry is required for a perticular transaction/event, select "No Journal Entry Required in the first account field)
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