1) Record each of the transactions listed above.

3. Prepare an Adjusted Trial Balance

4.Prepare a multiple-step income statement

5. Prepare a classified Balance Sheet

On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Debit Credit $ 42,700 44,500 7,500 64,000 $ 9,000 14,600 10,000 80,000 45,100 Totals $158,700 $158,700 During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 January 9 Provide services to customers on account, $14,300 January 10 Purchase additional supplies on account, $4,900 January 12 Repurchase 1,000 shares of treasury stock for $18 per share January 15 Pay cash on accounts payable, $16,500. January 21 Provide services to customers for cash, $49,100 January 22 Receive cash on accounts receivable, $16,600 January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) January 30 Reissue 600 shares of treasury stock for $20 per share January 31 Pay cash for salaries during January, $42,000