Question: i just need the analysis part - a) what is the amount of profit reported for the month of January? b) calculate the ratio of
GL2-11 Complete the accounting cycle On January 1,2021, the general ledger of Dynamite Fireworks includes the following account balances: During January 2021, the following transactiondy January 2 Purchase rental space for one year in advance, $9,300 (\$775/month). Jonuary 9 Purchase additional supplies on account, $4,600. January 13 provide services to customers on account, $26,600. January if Receive cash in advance fron custoners for services to be provided in the future, $4,800. January 20 pay cash for sataries, \$12,6ee. January 22 Receive cash on accounts receivable, $25,200. January 29 pay cash on accounts payable, $5,100. The following information is available on January 31 . - Rent for the month of January has expired. - Supplies remaining at the end of January total $3,900 - 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
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