2. Record the purchase of additional supplies on account, $4,700.

3. Record the providing of services to customers on account, $26,700.

4. Record the receipt of cash in advance from customers for services to be provided in the future, $4,900.

5. Record the payment of cash for salaries, $12,700.

6. Record the receipt of cash on accounts receivable, $25,300

7. Record the payment of cash on accounts payable, $5,200.

8. Record the adjusting entry for rent. Rent for the month of January has expired.

9. Record the adjusting entry for supplies. Supplies remaining at the end of January total $4,000.

10. Record the adjusting entry for services provided to customers who paid in advance. By the end of January, $4,100 of services has been provided to customers who paid in advance on January 17.

11. Record the adjusting entry for salaries payable. Unpaid salaries at the end of January are $4,960.

12. Record the entry to close the revenue accounts.

13. Record the entry to close the expense accounts.

please show work! thanks

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 $25,000 6,400 4,300 62,000 $ 4,400 77,000 16,300 $97,700 $97,700 During January 2021, the following transactions occur: January 2 Purchase rental space for one year in advance, $9,600 ($800/month). January 9 Purchase additional supplies on account, $4,700. January 13 Provide services to customers on account, $26,700. January 17 Receive cash in advance from customers for services to be provided in the future, $4,900. January 20 Pay cash for salaries, $12,700. January 22 Receive cash on accounts receivable, $25,300. January 29 Pay cash on accounts payable, $5,200. The following information is available on January 31. . . Rent for the month of January has expired. Supplies remaining at the end of January total $4,000. By the end of January, $4,100 of services has been provided to customers who paid in advance on January 17. Unpaid salaries at the end of January are $4,960. . Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 - 7). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8-11). 3. Review the adjusted 'Trial Balance' as of January 31, 2021. 4. Prepare an income statement for the period ended January 31, 2021, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of January 31, 2021 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 12 and 13). 7. Using the information from the requirements above, complete the 'Analysis' tab. Journal entry worksheet 1 2 3 5 6 7 8 13 III Record the purchase of rental space for one year in advance, $9,600 ($800/month). Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entry Clear entry View general journal Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dates: Jan 01 to: Jan 29 General Ledger Account Cash Accounts Receivable No. Date Debit Credit No. Date Debit Credit Balance 25,000 Balance 6,400 Jan 01 Jan 01 Supplies Land No. Date Debit Credit Balance No. Date Debit Credit Balance Jan 01 4,300 Jan 01 62,000 Accounts Payable Common Stock No. Date Debit Credit No. Date Debit Credit Balance Balance 4,400 Jan 01 Jan 01 77,000 Retained Earnings No. Date Debit Credit Balance 16,300 Jan 01 General Journal Trial Balance > Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted Dynamite Fireworks Trial Balance January 29, 2021 Account Title Debit Credit Cash $ Accounts Receivable 25,000 6,400 4,300 62,000 Supplies Land Accounts Payable 4,400 77,000 Common Stock Retained Earnings 16,300 97,700 Total $ 97,700 $ Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare a classified balance sheet as of January 31, 2021. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Unadjusted Dynamite Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Prepaid Rent 0 Total Current Liabilities 0 0 Total Liabilities 0 Total Current Assets Long-term Assets: Stockholders' Equity 0 0 0 0 Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets $ 0 $ 0 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Using the information from the requirements above, complete the 'Analysis' tab. Analyze the following features of Dynamite Fireworks' financial condition: (a) What is the amount of profit reported for the month of January? The amount of profit reported for the month of January is (b) Calculate the ratio of current assets to current liabilities at the end of January. The ratio of current assets to current liabilities at the end of January is (c) Based on Dynamite Fireworks' profit and ratio of current assets to current liabilities, indicate whether Dynamite Fireworks appears to be in good or bad financial condition. Does the company appears to be in good or bad financial condition? Balance Sheet Analysis