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Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Debit $ 25,400 6,800 Credit Accounts Cash Accounts
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Debit $ 25,400 6,800 Credit Accounts Cash Accounts Receivable 4,700 66,000 Supplies Land Accounts Payable $ 4,800 81,000 17,100 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. Date Debit Credit No General Journal January 02No Journal Entry Required Accounts Payable 0 2January 09 0 3January 13 4 January 17 January 20 6January 22 January 29
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