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I need help with solving for the depreciation and then the analyze questions below: On January 1, 2018, the general ledger of Grand Finale Fireworks
I need help with solving for the depreciation and then the analyze questions below:
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Debit 43,400 45,900 Credit Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Paid-in Capital-Excess of Par Retained Earnings 8,200 71,000 $ 9,700 15, 300 17,000 87,000 39,500 168,500 $ 168,500 Totals During January 2018, the following transactions occur: anuary 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000 January9 Provide services to customers on account, $16,700 January 10 Purchase additional supplies on account, $5,600. January 12 Repurchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $17,200 January 21 Provide services to customers for cash, $49,800 January 22 Receive cash on accounts receivable, $17,300 January 29 Declare a cash dividend of $e.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, 2018 and dividends are not paid on treasury stock.) January 30 Reissue 800 shares of treasury stock for $22 per share. anuary 31 Pay cash for salaries during January, $42,7e The following information is available on January 31, 2018
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