ter 3 Homework 5 of 7 Check my work mode: This shows what is corre Exercise 3-21A Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1, 2021, the general ledger of Dynamite Fireworks Includes the following account balances: Accounts Debit Credit Cash $23,900 Accounts Receivable 5,300 Supplies 3,200 Land 51,000 Accounts Payable $3,300 Common Stock 66,000 Retained Earnings 14,100 Totals $83,400 $83,400 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $6,380 ($525/month). January Purchase additional supplies on account, $1,600. January 13 Provide services to customers on account, $25,600. January 17 Receive cash in advance from customers for services to be provided in the future, $3,800. January 20 Pay cash for salaries, $11,600. January 22 Receive cash on accounts receivable, $24,200. January 29 Pay cash on accounts payable, 14,100. Exercise 3-21A Part 4 4. Prepare an income statement for the period ended January 31, 2021 Answer is not complete. DYNAMITE FIREWORKS Income Statement For the year ended January 31, 2021 Revenues Service Revenue 25.000 Expenses Rent Expense 525 Supplies Expense 11.000 Total Expenses 12.125 "pe here to search 0