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Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Accounts Debit Credit $24,200 5,600 3,see 54,e00 Cash

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Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances Accounts Debit Credit $24,200 5,600 3,see 54,e00 Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings 3,6e0 69,8e0 14,798 Totals $87,388 $87,38e During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $7,289 (s6ee/month). Danuary 9 Purchase additional supplies on account, $3,9e0. anuary 13 Provide services to customers on account, $25,9ee January 17 Receive cash in advance from customers for services to be provided in the future, $4 ,1ee. January 28 Pay cash for salaries, $11,9e9. anuary 22 Receive cash on accounts receivable, $24,5ee. Danuary 29 Pay cash on accounts payable, $4,408. 5. Prepare a classified balance sheet as of January 31, 2021 DYNAMITE FIREWORKS Balance Sheet January 31, 2021 Assets Liabilities Current assets: Current liabilities Total current liabilities Total current assets Stockholder's Equity Long-term assets: Total stockholders' equity Total assots Total liabilities and stockholders' equity ord closing entries. (If no entry is required for a particular transaction/event nt field.) w transaction list ournal entry worksheet 2 Record the entry to close the revenue accounts. Note: Enter debits before credits. Date General Journal Debit January 31, 2021 Record entry Clear entry View general journal s Tup services t be provided in anuary 20 Pay cash for salaries, $11,9e January 22 Receive cash on accounts receivable, $24,58e anuary 29 Pay cash on accounts payable, $4,480 ecord closing entries. (If no entry is required for a particular transaction/event, selec ount field.) View transaction list Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Dale General Journal Debit Credit January 31, 2021 Record entry Clear entry View general journal

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