2 On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances 20 Cash Accounts Accounts Receivable: Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, si par value Additional Paid-in Capital Retained Earnings Total Det 42,700 reds 7,500 64,000 3,000 14,08 10,000 38,000 45,100 $158,700 $158,700 During January 2021, the following transactions occur January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,00 January 9 Provide services to customers on account, $14,300. January 10 Purchase additional supplies on account, $4,900. January 12 Purchase 1,80 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, $3,100. January 22 Receive cash on accounts receivable, $16,600. January 29 Declare a cash dividend of se.38 per share to all shares outstanding on January 29. The dividend is payable on February 15, (Mints Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2021, and are not paid on treasury stock. Jemary 3 Resell see shares of treasury stock for $20 per share. January 31 Pay cash for salaries durang January, $42,000. The following information is available on January 31, 2021 a Unpaid utilities for the month of January are $6.200 b. Supplies at the end of January total $5,100 c Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $10.000 d Accrued income taxes at the end of January are $2,000. < Prev 22 Next> Check my wirk