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

Accounts Debit Credit

Cash $ $25,600$

Accounts Receivable $7,000$

Supplies $4,900$

Land $68,000$

Accounts Payable $ $5,000$

Common Stock $83,000$

Retained Earnings $17,500$

Totals $ $105,500$ $ $105,500$

During January $2024,$ the following transactions occur:

January $2$ Purchase rental space for one year in advance, $$11,400($$$950$ per month$).$

January $9$ Purchase additional supplies on account, $$5,300.$

January $13$ Provide services to customers on account, $$27,300.$

January $17$ Receive cash in advance from customers for services to be provided in the future, $$5,500.$

January $20$ Pay cash for salaries, $$13,300.$

January $22$ Receive cash on accounts receivable, $$25,900.$

January $29$ Pay cash on accounts payable, $$5,800.$

The following information is available on January $31.$

Rent for the month of January has expired.

Supplies remaining at the end of January total $$4,600.$

By the end of January, $$4,550$ of services has been provided to customers who paid in advance on January $17.$

Unpaid salaries at the end of January are $$4,540.$

$1.$ Record each of the transactions listed above in the 'General Journal' tab $($these are shown as items $1$ to $7).$ 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 $8$ to $11).$

$3.$ Review the adjusted 'Trial Balance' as of January $31,2024.$

$4.$ Prepare an income statement for the period ended January $31,2024,$ in the 'Income Statement' tab.

$5.$ Prepare a classified balance sheet as of January $31,2024$ 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.