Required information[The following information applies to the questions displayed below.]The general ledger of Pop's Fireworks includes the following account balances in 2021:AccountsCashAccounts ReceivableAllowance for Uncollectible AccountsSuppliesNotes Receivable (8%, due in 2 years)LandAccounts PayableCommon StockRetained EarningsService RevenueSalaries ExpenseUtilities ExpenseSupplies ExpenseTotalsJuneDebit$ 22,80045,500June9,10026,00093,00071,70026,60018,100$312,800Credit$ 3,80013,900138,00030,700126,400In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above:3 Provide additional services on account for $15,000. All services on account include terms 2/10,n/30.$312,8008 Receive cash from customers within 10 days of the services being provided on account. Thecustomers were originally charged $9,000.November 15 Write off customer accounts of $2,300 as uncollectible. AccountsCashAccounts ReceivableAllowance for Uncollectible AccountsSuppliesNotes ReceivableLandAccounts PayableCommon StockRetained EarningsService RevenueSales DiscountsSalaries ExpenseUtilities ExpenseSupplies ExpenseAdjusted Trial DalanceDecember 31, 2021Totals$Debit31,62049,2009,10026,00093,00018071,70026,60018,100Credit13,900138,00030,700141,400$ 325,500 $ 324,000

A trial balance is a statement of record in which the balance of all ledgers accounts are recorded…

Answered: Required information [The following…

Required information [The following information applies to the questions displayed below.] The general ledger of Pop's Fireworks includes the following account balances in 2021:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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