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Could you please help me to figure out what I did wrong? During January 2024 , the following transactions occur: January 2 Issue an additional
Could you please help me to figure out what I did wrong?
During January 2024 , 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, $16,300. January 10 Purchase additional supplies on account, $5,800. January 12 Purchase 1,200 shares of treasury stock for $22 per share. January 15 Pay cash on accounts payable, $17,400. January 21 Provide services to customers for cash, $50,000. January 22 Receive cash on accounts receivable, $17,500. January 29 Declare a cash dividend of $0.40 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 19,000 shares outstanding on January 1 , 2024, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $24 per share. January 31 Pay cash for salaries during January, $42,900. The following information is avallable on January 31,2024. a. Unpaid utllities for the month of January are $7,100. b. Supplies at the end of January total $6,000. c. Depreciation on the equipment for the month of January is calculated using the straight-Iine method. At the time the equipment was purchased, the company estimated a service Iffe of three years and a residual value of $10,900. d. Accrued income taxes at the end of January are $2,000. Answer is not complete. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No Journal Entry Require in the first account field.) Answer is not complete. otice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option ou choose will be the values used to populate the income statement and balance sheet tabs. Answer is not complete. Prepare a multiple-step income statement for the period ended January 31, 2024. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Answer is not complete. Prepare a classified balance sheet as of January 31, 2024. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Answer is not complete. Ising the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decin ind earnings per share value to 2 decimal places.)Step by Step Solution
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