Question: PLEASE SHOW EVERY ENTRY & EVERY STEP I AM STRUGGLING On January 1 , 2 0 2 4 , ?the general ledger of Dynamite Fireworks

 PLEASE SHOW EVERY ENTRY & EVERY STEP I AM STRUGGLING On

PLEASE SHOW EVERY ENTRY & EVERY STEP I AM STRUGGLING
On January 1,2024, ?the general ledger of Dynamite Fireworks includes the following account balances:
During January 2024, ?the following transactions occur:
Required:
Record each of the transactions listed above.
Record the adjusting entries on January 31.
Rent for the month of January has expired.
Supplies remaining at the end of January total $3,200. ?All other supplies have been used.
By the end of January, $3,500 ?of services has been provided to customers who paid in advance on January 17.
Unpaid salaries at the end of January are $5,520.
Prepare an adjusted trial balance as of January 31,2024.
Prepare an income statement for the period ended January 31,2024.
Prepare a classified balance sheet as of January 31,2024.
Record closing entries.
Analyze the following features of Dynamite Fireworks' financial condition:
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.
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.
January 1,2024, ?the general ledger of Dynamite Fireworks includes the following account

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