Business, 26.02.2020 21:22 familyvazquez7

During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $10,200 ($850/month). January 9 Purchase additional supplies on account, $4,900. January 13 Provide services to customers on account, $26,900. January 17 Receive cash in advance from customers for services to be provided in the future, $5,100. January 20 Pay cash for salaries, $12,900. January 22 Receive cash on accounts receivable, $25,500. January 29 Pay cash on accounts payable, $5,400. 3. Prepare an adjusted trial balance as of January 31, 2021.

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Answer from: nerdykitty4586

Jan 2. Dr Prepaid rent 850

Cr Rent expense 850

Jan 9. Dr Supplies 4900

Cr Cash 4900

Jan13. Dr Account receivable 26900

Cr Service revenue 26900

Jan17. Dr Cash 5100

Cr Advance from customer 5100

Jan20. Dr Salaries expense 12900

Cr Cash 12900

Jan 22. Dr Cash 25500

Cr Account receivable 25500

Jan 29. Dr Accounts payable 5400

Cr Cash 5400

Explanation:

Ledgers:

Prepaid rent Rent expense

DRCR_ DR CR_

850 - - 850

Supplies Cash

DRCR DRCR___

4900 - 5100 - 4900

25500 - 12900

- 5400

Accounts receiable Services revenue

DRCR DRCR___

26900 - 25500 - 26900

Advance from customer Salaries expense

DRCR DRCR___

- 5100 12900

Accounts payable

DRCR___

5400 -

Adjusted trial balance

Prepaid rent 850 - 26900 Service revenue

Cash 7400 -

Accounts receivable 1400 - 5100 Advance from customer

Supplies 4900 - 850 Rent expense

Accounts payable 5400 -

Salaries expense 12900 -

Total 32850 = 32850 Total

Answer from: Quest

You need to give the options.

Answer from: Quest

answer; o anticipate where news will happen;

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During January 2021, the following transactions occur: January 2 Purchase rental space for one year...