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 $2,2$ shares of $$1$ par value common stock for $$44,.$

January $9$ provide services to customers on account, $$15,10.$

January $10$ Purchase additional supplies on account, $$5,20.$

January $12$ Purchase $1,100$ shares of treasury stock for $$18$ per share.

January $15$ pay cash on accounts payable, $$16,800.$

January $21$ Provide services to customers for cash, $$49,400.$

January $22$ Receive cash on accounts receivable, $$16,90.$

January $29$ Declare a cash dividend of $$0\mathrm{.}4$ per share to all shares outstanding on January $29.$ The dividend is payable

on February $15.($Hint: Grand Finale Fireworks had $13,$ e$$e shares outstanding on January $1,2024,$ and dividends

are not paid on treasury stock.$)$

January $30$ Resell $990$ shares of treasury stock for $$20$ per share.

January $31$ Pay cash for salaries during January, $$42,309.$

The following Information is avallable on January $31,2024.$

a$.$ Unpald utilities for the month of January are $$6,500.$

b$.$ Supplies at the end of January total $$5,400.$

c$.$ Depreclation 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 $$10,300.$

d$.$ Accrued Income taxes at the end of January are $$2,300.$ Please do the closing entry for the expense accounts and dividends account.