On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: During January 2024, the following transactions occur: Burlig Jaruary 2024, the following transactions occur: January 2. Purchase nental space for one year in afvance, 511,100 (\$825/aonth). January 2 Purchasin additional sepplies on account, 35,200. January 1s Providu services ta custoeers on account, 327,200. Jaruary it Meceive cash in advasce fren custcenes for services to be provided in the future, 55,469 . Tamary 20 Piy cash for aalaries, \$13, 200. jatuary 22 hecelve caih on accounts receivable, 525,560 . January 29 Pay rash en actounts payable, $5,700. Required: 1. Record ecach of the transactions listed above. 2. Record the adjusting entries on January 31 - Rent for the month or dariuaty has expired. - Supplier remaining at the end of January total $4,500. A other supplies have been used. - By the end of January. $4,475 of services has been prowided to customers who paid in advance on January 17. - Unpaild zakarles at the end of January are 54,610 . 3. Prepare an atjusted trai balance as of January 31. 2024. 4. Prepare an licome statement for the peciod ended January 21, 2024. 5. Prepare a classified balance sheet as of January 31, 2024. 6. Record chosing entries. 7. Anslyee the following features of Dynamite Fireworks' financial condition: a. What is the amount of profit reported for the month of January? b. Calculate the ralio of curcent assets to curtent liabilities (the current rato) at the end of landary c. Based on Oynamite Firewoths profit and ratio of curent issets to carrent liabilities, indicate whethet Dynamite Fireworks aph to bet in good or bad financlat condition. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal F field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts. Note; Enter debits before credits. What is the amount of profit reported for the month of lanuary? 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. 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. Based on Dynamite Froworks' profit and ratio of current assets to current liabil tes, indicate Whether Byriamite Fireworks appears to be in good or bad financial conditon