Please help me to fix the errors. just the 12 and 13 from the general journal and the last picture (a) and (b).
On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Debit Credit $25,100 6,500 4,400 63,000 4,500 78,000 16,500 Totals $99,000 $99,000 During January 2018, the following transactions occur: January 2 Purchase rental space for one year in advance, $9,900 ($825/month). January 9 Purchase additional supplies on account, $4,800 January 13 Provide services to customers on account, $26,800. January 17 Receive cash in advance from customers for services to be provided in the future, $5,000. January 20 Pay cash for salaries, $12,800 January 22 Receive cash on accounts receivable, $25,400. January 29 Pay cash on accounts payable, $5,300 The following information is available on January 31, 2018 a. Rent for the month of January has expired b. Supplies remaining at the end of January total $4,100 c. By the end of January, $4,175 of services has been provided to customers who paid in advance on January 17. d. Unpaid salaries at the end of January are $4,890. Jan 31 4,175 12 Service revenue Deferred revenue 4,175 13 Jan 31 Retained earnings 13,010 5,100 Supplies expense Salaries expense 7,910 * Record the adjustment for salaries payable. Unpaid salaries at the end of January are $4,890 Record the entry to close the revenue accounts. Record the entry to close the expense accounts. 12 Post-closing Dynamite Fireworks Balance Sheet As of January 31, 2018 Assets Liabilities Current Assets: Current Liabilities 27,500 Accounts payable 7,900 Salaries payable 4,000 Cash Accounts receivable Prepaid rent Supplies 4,890 9,075 4,100 Total Current Liabilities 8,890 Total Current Assets 48,575 otLiabilities 8,890 Noncurrent Assets Stockholders' Equity Land Common stock 78,000 Retained earnings 20,510 Total Stockholders' Equity 98,510 Total Assets S 111,575 Total Liabilities & Stockholders' Equity S 107,400 Adjusted Dynamite Fireworks Balance Sheet As of January 31, 2018 Assets Liabilities Current Assets: Current Liabilities 27,500 Accounts payable 7,900 Salaries payable 4,000 Cash Accounts receivable Prepaid rent Supplies 4,890 9,075 4,100 Total Current Liabilities 8,890 Total Current Assets 48,575 otLiabilities 8,890 Noncurrent Assets Stockholders' Equity Land 63,000 Common stock 78,000 Retained earnings 24,685 Total Stockholders' Equity 102,685 Total Assets S 111,575 Total Liabilities & Stockholders' Equity S 111,575 Unadjusted Dynamite Fireworks Balance Sheet As of January 31, 2018 Assets Liabilities Current Assets: Current Liabilities 27,500 Accounts payable 7,900 Salaries payable 4,000 Cash Accounts receivable Prepaid rent Supplies 0 9,900 9,200 Total Current Liabilities 4,000 Total Current Assets 54,500 otLiabilities 4,000 Noncurrent Assets Stockholders' Equity Land 63,000 Common stock 78,000 Retained earnings 30,500 Total Stockholders' Equity 108,500 Total Assets S 117,500 Total Liabilities & Stockholders' Equity S 112,500 Unadjusted Dynamite Fireworks Income Statement For the year ended January 31, 2018 Revenues Service revenue 26,800 Total Revenue 26,800 Expenses: Supplies expense Salaries expense 12,800 Total Expenses $ 14,000 Adjustedv Dynamite Fireworks Income Statement For the year ended January 31, 2018 Revenues: Service revenue 30,975 Total Revenue 30,975 Expenses: Supplies expense Salaries expense 5,100 17,690 Total Expenses 22,790 Net income 8,185 Post-closing . Dynamite Fireworks Income Statement For the year ended January 31, 2018 Revenues 26,800 Service revenue Total Revenue 26,800 Expenses: Supplies expense Salaries expense 9,780 Total Expenses 9,780 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 17,020 The ratio of current assets to current liabilities at the end of January is 13.63x (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
