Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Corrmon Stock, $1 pan value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 43,100 45,300 7,900 68,000 $ 9,400 15,000 14,000 84,000 41,900 $164,800 $164,300 During January Year 1, the following transactions occur January 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000. January 9 Provide services to customers on account, $15,300. January 10 Purchase additional supplies on account, $5,300. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $16,900. January 21 Provide services to customers for cash, $49,500. January 22 Receive cash on accounts receivable, $17,000. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: The company had 14,000 shares outstanding on January 1, Year 1, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $21 per January 31 Pay cash for salaries during January, $42,400. 6. Record closing entries (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) x Answer is not complete. Debit General Journal No Credit Date January 31 64 800 1 Service Revenue Income Tax Payable X 64,800 42,400 X 2 January 31 Income Tax Expense Salaries Expense O 42.400 22,400 X 3 January 31 Dividends Retained Earnings X X 22,400