I was able to complete my other journals with the number inputs ,but I am having trouble with these screenshots! I am either only missing the debit/credit number or both the account title and corresponding credit/debit! Please help
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances: Credit Debit $ 44,000 47,100 8,800 77,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings $ 10,300 15,900 13,000 93,000 44,700 Totals $176,900 $176,900 During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $17,900. January Purchase additional supplies on account, $6,200. 10 January 12Repurchase 1,000 shares of treasury stock for $20 per share. January 15Pay cash on accounts payable, $17,800. January 21Provide services to customers for cash, $50,400. January Receive cash on accounts receivable, $17,900. 22 January Declare a cash dividend of $0.20 per share to all shares outstanding on 29 January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 13,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) January Reissue 600 shares of treasury stock for $22 per share. 30 January 31Pay cash for salaries during January, $43,300. The following information is available on January 31, 2018. a. Unpaid utilities for the month of January are $7,500. b. Supplies at the end of January total $6,400. c. 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 $11,300. d. Accrued income taxes at the end of January are $2,400. Journal entry worksheet 1 2 3 4 5 6 7 8 17 > Issue an additional 2,000 shares of $1 par value common stock for $40,000. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Cash 40,000 Common stock 2,000 Additional paid-in capital Record entry Clear entry View general journal Journal entry worksheet Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 13,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) Note: Enter debits before credits. Date Account Title Debit Credit Jan 29 Dividends Dividends payable Record entry Clear entry View general journal Journal entry worksheet Prepare the closing entry for expenses. Note: Enter debits before credits. Date Account Title Debit Credit Jan 31 Record entry Clear entry View general journal Journal entry worksheet
