Exercise 9-21 Complete the accounting cycle using long-term liability transactions (LO9-2,9-8) Prepare an adjusted trial...

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Accounting

Exercise 9-21 Complete the accounting cycle using long-term liability transactions (LO9-2,9-8) Prepare an adjusted trial balance as of January 31,2021.
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On January 1,2021, the general ledger of Freedom Fireworks includes the following account balances:
During January 2021, the following transactions occur:1 in 5 years. Payments of $2,281 are required at the end of each month for 60 months.
January Receive $32,800 from customers on accounts receivable.
4
January Pay cash on accounts payable, $29,000.
10
January Pay cash for salaries, $30,700.
15
January Firework sales for the month total $210,600. Sales include $66,800 for cash and $143,800 on account. The cost
30 of the units sold is $121,500.
January Pay the first monthly installment of $ $2,281 related to the $118,000 borrowed on January 1. Round your interest
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