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If you could answer these, i would be really grateful and will like as well, thank you On January 1,2024 , the general ledger of
If you could answer these, i would be really grateful and will like as well, thank you
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, $8,100($675/ aoth ) - January 9 Purchase additional aupplies on account, $4,200. January 13 Provide services to custoners on account, $26,200. January 17 Receive eash in advance from eustomers for services to be provided in the future, $4,400. January 20 Pay cash for nalaries, $12,200. January 22 Receive cash on accounts receivable, $24,800. January 29 Pay eash on aceounti payable, $4,700. Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31. - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. All other supplies have been used. - By the end of January, $3,725 of services has been provided to customers who paid in advance on January 17. - Unpaid salaries at the end of January are $5,310. 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: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. c. Based on Dynamite Fireworks' profit and ratio of current assets to current liabilties, indicate whether Dynamite Fireworks to be in good or bad financial condition, (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: During January 2024, the following transactions occur: Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31 . - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. All other supplies have been used. - By the end of January, $3.725 of services has been provided to customers who paid in advance on January 17. - Unpaid salaries at the end of January are \$5,310. 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: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. c. Based on Dynamite Fireworks' profit and ratio of current assets to current liabilities, indicate whether Dynamite Fireworkc to be in good or bad financial condition. 3 Answer is not complete. Complete this question by entering your answers in the tabs below. What is the amount of profit reported for the month of January? On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: During January 2024, the following transactions occur: Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31 . - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. All other supplies have been used. - By the end of January, $3.725 of services has been provided to customers who paid in advance on January 17. - Unpaid salaries at the end of January are $5,310. 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: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. c. Based on Dynamite Fireworks' profit and ratio of current assets to current liabilities, indicate whether Dynamite Firework: to be in good or bad financial condition. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. 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, $8,100($675/ aoth ) - January 9 Purchase additional aupplies on account, $4,200. January 13 Provide services to custoners on account, $26,200. January 17 Receive eash in advance from eustomers for services to be provided in the future, $4,400. January 20 Pay cash for nalaries, $12,200. January 22 Receive cash on accounts receivable, $24,800. January 29 Pay eash on aceounti payable, $4,700. Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31. - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. All other supplies have been used. - By the end of January, $3,725 of services has been provided to customers who paid in advance on January 17. - Unpaid salaries at the end of January are $5,310. 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: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. c. Based on Dynamite Fireworks' profit and ratio of current assets to current liabilties, indicate whether Dynamite Fireworks to be in good or bad financial condition, (8) Answer is not complete. Complete this question by entering your answers in the tabs below. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: During January 2024, the following transactions occur: Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31 . - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. All other supplies have been used. - By the end of January, $3.725 of services has been provided to customers who paid in advance on January 17. - Unpaid salaries at the end of January are \$5,310. 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: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. c. Based on Dynamite Fireworks' profit and ratio of current assets to current liabilities, indicate whether Dynamite Fireworkc to be in good or bad financial condition. 3 Answer is not complete. Complete this question by entering your answers in the tabs below. What is the amount of profit reported for the month of January? On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: During January 2024, the following transactions occur: Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31 . - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,500. All other supplies have been used. - By the end of January, $3.725 of services has been provided to customers who paid in advance on January 17. - Unpaid salaries at the end of January are $5,310. 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: a. What is the amount of profit reported for the month of January? b. Calculate the ratio of current assets to current liabilities (the current ratio) at the end of January. c. Based on Dynamite Fireworks' profit and ratio of current assets to current liabilities, indicate whether Dynamite Firework: to be in good or bad financial condition. Answer is not complete. Complete this question by entering your answers in the tabs below. 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