Cash Accounts Receivable Supplies Equipment $ 44,400 47,900 9,200 81,000 Accumulated Depreciation Accounts Payable $ 10,700 16,300 Common Stock, $1 17,000 par value Additional Paid-in 97,000 Capital Retained Earnings 41,500 Totals $182,500 $182,500 During January 2021, 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, $19,300. January 10 Purchase additional supplies on account, $6,600. January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $18,200. January 21 Provide services to customers for cash, $50,800. January 22 Receive cash on accounts receivable, $18,300. 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: Grand Finale Fireworks had 17,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 500 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $43,700. The following information is available on January 31, 2021 a. Unpaid utilities for the month of January are $7,900. b. Supplies at the end of January total $6,800. 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 $11,700. d. Accrued income taxes at the end of January are $2,800. General General Trial Income Balance Ledger Balance Statem... Sheet Require... Journal Analysis If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. View transaction list View journal entry worksheet No. 1 Date Jan 02 Account Title Debit Credit Cash 42,000 Common Stock Additional Paid-in Capital 2,100 39,900 2 Jan 09 Accounts Receivable 19,300 Service Revenue 19,300 3 Jan 10 Supplies 6,600 Accounts Payable 6.600 4 Jan 12 Treasury Stock 24,000 Accounts Payable 6,600 4 Jan 12 Treasury Stock 24,000 Cash 24,000 5 Jan 15 Accounts Payable 18,200 Cash 18,200 6 Jan 21 Cashi 50,800 Service Revenue 50,800 7 Jan 22 Cash 18,300 Accounts Receivable 18,300 8 Jan 29 Dividends 3,580 Dividends Payable 3,580 9 Jan 30 Cash 11,000 Treasury Stock 10,000 Additional Paid-in Capital 1,000 10 Jan 31 Salaries Expense 43,700 Cash 43,700 11 Jan 31 Utilities Expense 7,900 Accounts Payable 7,900 12 Jan 31 Supplies Expense Supplies 9.000 9,000 13 Jan 31 Depreciation Expense 1,925 Accumulated Depreciation 1,925 14 Jan 31 Income Tax Expense 2,800 Income Tax Payable 2,800 15 Jan 31 Income Tax Expense 65,325 Salaries Expense 43,700 Utilities Expense 7,900 Supplies Expense 9,000 Depreciation Expense 1,925 Income Tax Expense 2.800 16 Jan 31 Service Revenue 70,100 Deferred Revenue 70,100 17 Jan 31 Income Tax Expense Retained Earnings 4,775 4,775 1 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, $19,300. January 10 Purchase additional supplies on account, $6,600. January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $18,200. January 21 Provide services to customers for cash, $50,800. January 22 Receive cash on accounts receivable, $18,300. 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: Grand Finale Fireworks had 17,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.). January 30 Resell 500 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $43,700. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,900. b. Supplies at the end of January total $6,800. 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 $11,700. d. Accrued income taxes at the end of January are $2,800. Require... Trial Income Balance General General Journal Ledger Balance Statem... Sheet Analysis Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closi Grand Finale Fireworks Classified Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Assets 0 Total Current Liabilities Noncurrent Assets: Stockholders' Equity 0 Total Stockholders' Equity 0 Total Assets 0 Total Liabilities & Stockholders' Equity $ 0 Show less ce During January 2021, 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, $19,300. January 10 Purchase additional supplies on account, $6,600. January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $18,200. January 21 Provide services to customers for cash, $50,800. January 22 Receive cash on accounts receivable, $18,300. 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: Grand Finale Fireworks had 17,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 500 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $43,700. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,900. b. Supplies at the end of January total $6,800. 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 $11,700. d. Accrued income taxes at the end of January are $2,800. General General Trial Income Balance Analysis Sheet Require... Journal Ledger Balance Statem... Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closi Grand Finale Fireworks Multiple-Step Income Statement For the Month ended January 31, 2021 Show less A Total Revenue Total Operating Expenses January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $18,200. January 21 Provide services to customers for cash, $50,800. January 22 Receive cash on accounts receivable, $18,300. 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: Grand Finale Fireworks had 17,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 500 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $43,700. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,900. b. Supplies at the end of January total $6,800. 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 $11,700. d. Accrued income taxes at the end of January are $2,800. Require... General General Trial Income Balance Journal Ledger Balance Statem... Sheet Analysis Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Post-closi Show less A 44 7777777777 Grand Finale Fireworks Trial Balance January 31, 2021 Account Title Debit Credit Cash S 80,600 Accounts Receivable 48,900 Supplies 6,800 81,000 12,625 12,600 Equipment Accumulated Depreciation Accounts Payable Income Tax Payable Dividends Payable Deferred Revenue Common Stock Treasury Stock Additional Paid-in Capital Retained Earnings Dividends Income Tax Expense Total S 2,800 3,580 70,100 19,100 14,000 137,900 46,275 3,580 70,100 304,980 $ 304,980