Exercise 3-21 (Algo) Complete the accounting cycle (LO33,34,35,36) On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2. Purchase rental space for one year in advance, $7,500($625/ month). January 9 Purchase additional supplies on account, $4,600. January 13 provide services to custoiers on account, $26,600. January 17 Receive cash in advance from customers for services to be provided in the future, $4,200. January 20 Pay cash for 5ala cas 2,$12,009. January 22 Receive cash on accounts receivable, $24,600. January 29 Pay cash on accounts payable $4,500. Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31 . a. Rent for the month of January has expired. b. Supplies remaining at the end of January total $3,300. All other supplies have been used. c. By the end of January. $3,575 of services has been provided to customers who paid in advance on January 17. d. Unpaid salaries at the end of January are $5.450. 3. Prepare an adjusted trial balance as of January 31,2024. 4. Prepare an income statement for the period ended January 31,2024. 5. Prepare a classified balance sheet as of January 31, 2024. 6. Record closing entries. 7. Analyze the following features of Dynamite Fireworks' financial condition