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all here Exercise 10-20 (Algo) Complete the accounting cycle using stockholders' equity transactions (LO10-2, 104,105,108) [The following information applies to the questions displayed below] On
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Exercise 10-20 (Algo) Complete the accounting cycle using stockholders' equity transactions (LO10-2, 104,105,108) [The following information applies to the questions displayed below] On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following occount balances: During January 2024, the following transactons occur: January 2 Issue an additional 2,300 shares of 11 par yotue conson stock for $46,000. Jomuary 9 erovide services to custoners on occount, $20,460. January 10 purchase additional supplies on account, 56,900. January. 12 Purchase 1,100 sbares of treasury steck for s19 per share. Jamary 15 Day cash on accounts payable, 110,500. January 21 erovide services to custoners for cash, 151,100 January 22 lieceive cash on accounts receivoble, s10,600. January January 22 deceive cash on accounts receivable, s16, 6000 . is psyable on Peuruary 15. Wo. Mint, Grand Finale Firesorks had 20, 00e shares outstaniding idA January 2. 2024, and dividends are not pold on treasury stock.1 aaneary 3e hesetl iate shares of treasury stock for s21 per share. January 31 Pay cash for calaries during 3anuarr, $44,000. 5. Prepare a classified balance sheet as of January 31, 2024. (Amounts to be deducted should be indicated by a minus sign.) Step by Step Solution
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