3 Required information Part 1 of 7 111 points Help Save & Exit Submit Check my work Exercise 10-20 (Algo) Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10- 4, 10-5, 10-8) [The following information applies to the questions displayed below] On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: Book Free Supplies Accounts Cash Accounts Receivable Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings References Debit $44,200 47,500 Credit 9,000 79,000 $10,500 16,100 15,000 95,000 43,100 $179,700 $179,700 Totals During January 2024, the following transactions occur. January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $18,300. January 10 Purchase additional supplies on account, $6,400. January 12 Purchase 1,000 shares of treasury stock for $22 per share. January 15 Pay cash on accounts payable, $18,000. January 21 Provide services to customers for cash, $50,600. January 22 Receive cash on accounts receivable, $18,100. 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 15,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 900 shares of treasury stock for $24 per share.. January 31 Pay cash for salaries during January, 143,500.