Prepare Journal Entries as follows:
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Prepare T-accounts as follows:
Cash | |||
Beg. Bal. | $24,300 | Jan. 02 | $7,500 |
Jan. 17 | $4,200 | Jan. 20 | $12,000 |
Jan. 22 | $24,600 | Jan. 29 | $4,500 |
End. Bal | $29,100 | ||
Supplies | |||
Beg. Bal. | $3,600 | Jan. 31 | $4,300 |
Jan. 09 | $4,000 | ||
End. Bal | $3,300 | ||
Supplies expense | |||
Beg. Bal. | - | ||
Jan. 31 | $4,300 | ||
End. Bal | $4,300 | ||
Prepaid Rental | |||
Beg. Bal. | - | Jan. 31 | $625 |
Jan. 02 | $7,500 | ||
End. Bal | $6,875 | ||
Rental Expense | |||
Beg. Bal. | - | ||
Jan. 31 | $625 | ||
End. Bal | $625 | ||
Accounts receivable | |||
Beg. Bal. | $5,700 | Jan. 22 | $24,600 |
Jan. 13 | $26,000 | ||
End. Bal | $7,100 | ||
Accounts payable | |||
Jan. 29 | $4,500 | Beg. Bal. | $3,700 |
Jan. 09 | $4,000 | ||
End. Bal. | $3,200 | ||
Service revenue | |||
Beg. Bal. | - | ||
Jan. 13 | $26,000 | ||
Jan. 31 | $3,575 | ||
End. Bal. | $29,575 | ||
Unearned service revenue | |||
Beg. Bal. | - | ||
Jan. 31 | $3,575 | Jan. 17 | $4,200 |
End. Bal. | $625 | ||
Salaries payable | |||
Beg. Bal. | - | ||
Jan. 31 | $5,450 | ||
End. Bal. | $5,450 | ||
Salaries Expense | |||
Beg. Bal. | - | ||
Jan. 20 | $12,000 | ||
Jan. 31 | $5,450 | ||
End. Bal | $17,450 |
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Prepare Adjusted Trial balance as follows:
Adjusted Trial Balance | ||
Debit | Credit | |
Cash | $29,100 | |
Accounts receivable | $7,100 | |
Supplies | $3,300 | |
Prepaid Rental | $6,875 | |
Land | $55,000 | |
Accounts payable | $3,200 | |
Unearned Service revenue | $625 | |
Service revenue | $29,575 | |
Salaries payable | $5,450 | |
Supplies expense | $4,300 | |
Rent expense | $625 | |
Salaries expense | $17,450 | |
Common stock | $70,000 | |
Retained earnings | $14,900 | |
Total | $123,750 | $123,750 |
Required information Exercise 3-21A Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) On January 1, 2021,...
Required information 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: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,300 5,700 3,600 55,000 $ 3,700 70,000 14,900 $88,600 $88,600 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,500 ($625/month). January 9 Purchase additional supplies on account, $4,000. January...
Required information 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: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,300 5,700 3,600 55,000 $ 3,700 70,000 14,900 $88,600 $88,600 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,500 ($625/month). January 9 Purchase additional supplies on account, $4,000....
Exercise 3-21A Complete the accounting cycle (LO3-3, 3-4, 3-5, 3-6) (GL) On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Debit Credit Cash $ 24,300 Accounts Receivable 5,700 Supplies 3,600 Land 55,000 Accounts Payable $ 3,700 Common Stock 70,000 Retained Earnings 14,900 Totals $ 88,600 $ 88,600 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,500 ($625/month). January 9 Purchase additional supplies on account,...
Please help me with 5~9. Thank you so much???????? Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 25,00 7,109 5,000 69,000 $ 5,100 84,000 17,700 $106,800 $196,800 During January 2021, the following transactions occur January 2 Purchase rental space for one year in advance, $11,700 ($975/month). January 9 Purchase additional supplies on account, $5,400. January...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $ 89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...
! Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $ 89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $ 24,400 5,800 3,700 56,000 $ 3,800 71,000 15, 100 $ 89,900 $ 89,900 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $7,800 ($650/month). January 9 Purchase additional supplies on account, $4,100. January 13 Provide services to customers on...
h Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,900 6,300 4,200 61,000 $ 4,300 76,000 16,100 $96, 400 $96,400 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $9,300 ($ 775/month). January 9 Purchase additional supplies on account, $4,600. January 13 Provide services to customers on account,...
Required information On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,900 6,300 4,200 61,000 $ 4,300 76,000 16,100 $96,400 $96,400 During January 2021, the following transactions occur. January 2 Purchase rental space for one year in advance, $9,300 ($775/month). January 9 Purchase additional supplies on account, $4,600. January 13 Provide services to customers on account, $26,600. January 17...