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fill out the journal entries for the general legder of the 10 transactions below On January 1, 2024, the general ledger of Grand Finale Fireworks
fill out the journal entries for the general legder of the 10 transactions below
On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,600. January 9 Provide services to customers on account, $14,800. January 10 Purchase additional supplies on account, $5,100. January 12 Purchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $16,700. January 21 Provide services to customers for cash, $49,300. January 22 Receive cash on accounts receivable, $16,800. January 29 Dectare a cash dividend of 56.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finate Fireworks had 12,008 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $42,200 Step by Step Solution
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