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No Date Account Title Debit Credit 1 Jan 02 Prepaid Rent 6,300 Cash 6,300 2 Jan 09 Supplies 3,600 Accounts Payable 3,600 3 Jan 13

No Date Account Title Debit Credit
1 Jan 02 Prepaid Rent 6,300
Cash 6,300
2 Jan 09 Supplies 3,600
Accounts Payable 3,600
3 Jan 13 Accounts Receivable 25,600
Service Revenue 25,600
4 Jan 17 Cash 3,800
Deferred Revenue 3,800
5 Jan 20 Salaries Expense 11,600
Cash 11,600
6 Jan 22 Cash 24,200
Accounts Receivable 24,200
7 Jan 29 Accounts Payable 4,100
Cash 4,100
8 Jan 31 Rent Expense 525
Prepaid Rent 525
9 Jan 31 Supplies Expense 3,900
Supplies 3,900
10 Jan 31 Deferred Revenue 3,275
Service Revenue 3,275
11 Jan 31 Salaries Expense 5,730
Salaries Payable 5,730
12 Jan 31 Service Revenue 28,875
Retained Earnings 28,875
13 Jan 31 Retained Earnings 21,755
Salaries Expense 17,330
Rent Expense 525
Supplies Expense 3,900

PLEASE HELP FILLING OUT THE ANALYSIS TAB

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? Good

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