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I did the general journal. I got all of them correct except for the cash amount and additional pain capital for Jan 2nd. Check On
I did the general journal. I got all of them correct except for the cash amount and additional pain capital for Jan 2nd.
Check On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: 7 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 43,300 45,700 8,100 70,000 $ 9,600 15,200 16,000 86,000 40,300 $167,100 $167,100 32:55 During January 2021, the following transactions occur DOK rences January 2 Issue an additional 2,800 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $16,100. January 18 Purchase additional supplies on account, $5,500. January 12 Purchase 1,300 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $17,100. January 21 Provide services to customers for cash, $49,700. January 22 Receive cash on accounts receivable, $17,200. 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 16,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 880 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42,600. here to search O MStep by Step Solution
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