accounting Hw1

1- Record issuance of an additional 2,000 shares of $1 par value common stock for $40,000.

2-Record the providing of services to customers on account, $19,500.

3-Record purchase of additional supplies on account, $6,700.

4-Record purchase of 1,200 shares of treasury stock for $21 per share.

5-Record payment of cash on accounts payable, $18,300.

6-Record the providing of services to customers for cash, $50,900.

7- Record the receipt of cash on accounts receivable, $18,400.

8-Record the declaration of 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 18,000 shares outstanding on January 1, 2021 and dividends are not paid on treasury stock.)

9-Record the reselling of 600 shares of treasury stock for $23 per share.

10-Record the payment of cash for salaries during January, $43,800.

Required information [The following information applies to the questions displayed below.) On January 1, 2021, 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 Totals Debit Credit $ 44,500 48, 100 9,300 82,000 $ 10,800 16,400 18,000 98,000 40,700 $183,900 $183, 900 During January 2021, 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, $19,500. January 10 Purchase additional supplies on account, $6,700. January 12 Purchase 1,200 shares of treasury stock for $21 per share. January 15 Pay cash on accounts payable, $18,300. January 21 Provide services to customers for cash, $50,900. January 22 Receive cash on accounts receivable, $18,400. 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 18,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $43,800. 1. Record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet