? On January $1,2024,$ ?the general ledger of Dynamite Fireworks includes the following account balances:

During January $2024,$ ?the following transactions occur:

Required:

Record each of the transactions listed above.

Record the adjusting entries on January $31.$

Rent for the month of January has expired.

Supplies remaining at the end of January total $$3,200.$ ?All other supplies have been used.

By the end of January, $$3,500$ ?of services has been provided to customers who paid in advance on January $17.$

Unpaid salaries at the end of January are $$5,520.$

Prepare an adjusted trial balance as of January $31,2024.$

Prepare an income statement for the period ended January $31,2024.$

Prepare a classified balance sheet as of January $31,2024.$

Record closing entries.

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 Fireworks appears

to be in good or bad financial condition.