GL 2-11 (Algo) Complete the accounting cycle (LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) On January 1,...
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GL 2-11 (Algo) Complete the accounting cycle (LO2-3, 2-4, 2-5, 2-6, 2-7,2-8) On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: Ouring January 2024, the following transactions occur: Janeary 2 Purchase restal space for one year in advanee, 59,900(5825 per month), Jenuary? Purchaes additional sopplies on aceount, 54,800. ganuery is provide servicea to custobers on aceount, $26,000, Jahusiry 20 Day eanh for salaries, $72,600. January 22 receive cash on accounta receivable, $25,400. Jatuary 29 ray cask on accounta payable, 55,300. The following information is available on January 31 . a. Rent for the month of January has expired. b. Supplies remaining at the end of January total $4,500. c. By the end of January. $4,175 of services has been provided to customers who paid in advance on January 17. d. Unpaid salaries at the end of January are $4,890
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