Edit View History Bookmarks Window Help D ezto.mheducation.com C M Sign In |... C Cruise... Vuelos... C Bahama.. C Antigua.. Crucero... El Velori... G Docu Homework - C3 i Saved Help On January 1, 2024, the general ledger of Dynamite Fireworks includes the following account balances: Accounts Debit Credit Cash $24, 900 Accounts Receivable 6, 300 points Supplies 4, 200 Land 61, 000 Accounts Payable $4, 300 Common Stock 76, 000 eBook Retained Earnings 16, 100 Totals $96, 400 $96 , 400 References During January 2024, the following transactions occur: January 2 Purchase rental space for one year in advance, $9, 300 ($775/month). January 9 WON 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, $5, 100. Required: 1. Record each of the transactions listed above. 2. Record the adjusting entries on January 31. Rent for the month of January has expired. Supplies remaining at the end of January total $3,900. All other supplies have been used. . By the end of January, $4,025 of services has been provided to customers who paid in advance on January 17. Unpaid salaries at the end of January are $5,030. 3. Prepare an adjusted trial balance as of January 31, 2024. 4. Prepare an income statement for the period ended January 31. 2024. Mc Prev 1 of 12 Next > raw 33,510 OCT stv A 9 MacBook Air DII DD F7 F8 F9 F10 F6 F1 F3 F4 F5 % & O N 3 Q W E R T Y UEdit View History Bookmarks Window Help a ezto.mheducation.com C M Sign In |... C Cruise... Vuelos... C Bahama... C Antigua... Crucero.. El Velori. G Docum... 1 Departa... Homework - C3 i Saved Help Save & Exit Sub Check my work 3. Prepare an adjusted trial balance as of January 31, 2024. 4. Prepare an income statement for the period ended January 31, 2024. 5. Prepare a classified balance sheet as of January 31, 2024. 6. Record closing entries. 4 7. Analyze the following features of Dynamite Fireworks' financial condition: points 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. eBook 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. References Complete this question by entering your answers in the tabs below. Req Req 2 Reg 3 Reg 4 Req 5 Reg 6 Reg 7a Req 7b Req 7c Reco.u cuch of the transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record the purchase of rental space for one year in advance, $9,300 (2775 / month) Mc Prev 1 of 12 Next > 33,510 OCT tv 4 9 MacBook Air DD A F9 F10 F11 888 F6 F7 FB F4 1 : F3 & @ 18 4 5 6 N O P E R T Y U Q WEdit View History Bookmarks Window Help Q 8 ezto.mheducation.com M Sign In |. C Cruise... Vuelos... C Bahama... Antigua... Crucero... El Velori.. G Docum... 1 Departa. lomework - C3 i Saved Help Save & Exit Submit Check my work Reg 1 Req 2 Req 3 Req 4 Reg5 Req 6 Req 7a Req 7b Req 7c Record each of the transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) point View transaction list eBook Journal entry worksheet References 2 3 5 6 Record the purchase of rental space for one year in advance, $9,300 $775/month). Note: Enter debits before credits. Date General Journal Debit Credit January 02 View general journal Record entry Clear entry Mc Prev 1 of 12 Next > Grav Hill istv 4 W 9 E MacBook Air DII DD A 888 F10 F11 F6 F7 F8 F9 F4 $ o @ # O P T Y U O Q W E R H K S D F G