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During January 2024 , the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,009. January 9

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During January 2024 , the following transactions occur: January 2 Issue an additional 2,000 shares of \$1 par value common stock for $40,009. January 9 Provide services to customers on account, $18,800. January 10 Purchase additional supplies on account, $6,500. January 12 Repurchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $18,109. January 21 prowide services to customers for cash, $50,700. January 22 Receive cash on accounts receivable, $18,200. January 29 Declare a cash dividend of $0.26 per share to all shares outstanding on January 29. The dividend is payable on Februan 15. (Hint: Freedom Fireworks had 16, 0ee shares outstanding on January 1, 2024, and dividends are not paid on treasuey stock.) January 30 Reissue 700 shares of treasury stock for $21 per share. January 31 Pay cash for salarles during January, $43,600. The following information is available on January 31,2024 1. Unpaid utilities for the month of January are $7,800. 2. Supplies at the end of January total $6,700. 3. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11,600. 4. Accrued income taxes at the end of January are $2.700. 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-10) assuming a FIFO perpetual inventory system. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record adjusting entries on January 31 in the 'General Journal' tab (these are shown as items 11-14). 3. Review the adjusted 'Trial Balance' as of January 31, 2024, in the 'Trial Balance' tab. 4. Prepare a multiple-step income statement for the period ended January 31, 2024, in the 'Income statement' tab. 5. Prepare a classified balance sheet as of January 31, 2024, in the 'Balance sheet' tab. 6. Record the dosing entries in the 'General Journal' tab (these are shown as items 15 and 16). 7. Using the information from the requirements above, complete the 'Analvsis' tab

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