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Required information On January 1, Year 1, the general ledger of a company includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land
Required information On January 1, Year 1, the general ledger of a company includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,500 6,900 4,800 67,000 $ 4,900 82,000 17,300 $104,200 $104,200 During Year 1, the following transactions occur: January 2 Purchase rental space for one year in advance, $11,100 ($925/month). January 9 Purchase additional supplies on account, 95,200. January 13 Provide services to customers on account, $27,200. January 17 Receive cash in advance from customers for services to be provided in the future, $5.400. January 20 Pay cash for salaries, $13,200. January 22 Receive cash on accounts receivable, $25,800. January 29 Pay cash on accounts payable, 55,700. 3. FICUOIE OIT QUIUDEU LIGI VOICIILE OD UI JOITUCIV JI. TEGI Required information January 31, Year 1 Debit Accounts Credit S Totals
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