Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

! Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of 3D Family Fireworks includes the

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
! Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 23,900 13,600 $ 1,400 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (68, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 2,500 20,000 77,000 es 7,200 96,000 32,400 $137,000 $137,000 During January 2021, the following transactions occur January 2 Provide services to customers for cash, $35, 100. January 6 Provide services to customers on account, $72,400. January 15 Write off accounts receivable as uncollectible, $1,000. January 20 Pay cash for salaries, $31,400. January 22 Receive cash on accounts receivable, $70,000. January 25 Pay cash on accounts payable, $5,500. January 30 Pay cash for utilities during January, $13,700. Saved Saved 1. Record each of the transactions listed above. (If no entry is required for a particular transaction/ Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 > Record the providing of services to customers for cash, $35,100. Note: Enter debits before credits. Date General Journal Debit Credit January 02 Record entry Clear entry View general Journal Tield View transaction list Journal entry worksheet Record receipt of cash on accounts receivable, $70,000. Note: Enter debits before credits. Date General Journal Debit Credit January 22 Record entry Clear entry View general Journal Record each of the transactions listed above. (If no entry is required for a particular transa equired" in the first account field.) View transaction list Journal entry worksheet Record payment of cash on accounts payable, $5,500. Note: Enter debits before credits. Date General Journal Debit Credit January 25 Record entry Clear entry View general Journal View transaction list Journal entry worksheet

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Radical Reporting Writing Better Audit Risk Compliance And Information Security Reports

Authors: Sara I. James

1st Edition

1032106042, 978-1032106045

More Books

Students also viewed these Accounting questions

Question

Define basic terms associated with group and team communication

Answered: 1 week ago