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Prepare the income statement for Jan 31, 2018. And a classified balance Sheet as of Jan 31, 2018 On January 1, 2018, the general ledger

Prepare the income statement for Jan 31, 2018.
And a classified balance Sheet as of Jan 31, 2018 image text in transcribed
On January 1, 2018, the general ledger of Dynamite Fireworks includes the following account balances: t Credit Debit Accounts $24,900 Cash 6,300 Accounts Receivable Supplies 4,200 61,000 Land 4,300 Accounts Payable Common Stock 76,000 Retained Earning 16.100 Totals $96,400 $96,400 During January 2018, the following transactions occur: January 2. Purchase rental space for one year in advance, $9,300 ($775/month). January 9. Purchase additional supplies on account, $4,600. January 13. Provide services to customers on account, $26,600. January 17 Receive cash in advance from customers for services to be provided in the future, $4,800. January 20. Pay cash for salaries, $12,600. January 22. Receive cash on accounts receivable, $25,200. January 29. Pay cash on accounts payable, $5100

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