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Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Credit Debit Accounts Cash $ 25,400 6,800 4,700
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Credit Debit Accounts Cash $ 25,400 6,800 4,700 66,000 Accounts Receivable Supplies Land Accounts Payable Common Stock $4,800 81,000 17,100 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. 3. Prepare an adjusted trial balance as of January 31, 2021 Answer is not complete. DYNAMITE FIREWORKS Adjusted Trial Balance January 31, 2021 Credit Accounts Debit $ 25,400 Cash Accounts Receivable 6,800 Supplies 4,700 Land 66,000 Accounts Pavable 4,800 $ 81,000 17,100 Common Stock Retained Earnings S 102.900 102.900 Totals
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