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On January 1 , 2 0 2 4 , the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash

On January 1,2024, the general ledger of Grand Finale Fireworks includes the following account balances:
Accounts Debit Credit
Cash $ 44,400
Accounts Receivable 47,900
Supplies 9,200
Equipment 81,000
Accumulated Depreciation $10,700
Accounts Payable 16,300
Common Stock, $1 par value 17,000
Additional Paid-in Capital 97,000
Retained Earnings 41,500
Totals $182,500 $182,500
During January 2024, the following transactions occur:
January 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000.
January 9 Provide services to customers on account, $19,300.
January 10 Purchase additional supplies on account, $6,600.
January 12 Purchase 1,200 shares of treasury stock for $20 per share.
January 15 Pay cash on accounts payable, $18,200.
January 21 Provide services to customers for cash, $50,800.
January 22 Receive cash on accounts receivable, $18,300.
January 29 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 17,000 shares outstanding on January 1,2024, and dividends are not paid on treasury stock.)
January 30 Resell 500 shares of treasury stock for $22 per share.
January 31 Pay cash for salaries during January, $43,700.
Unpaid utilities for the month of January are $7,900.
Supplies at the end of January total $6,800.
Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11,700.
Accrued income taxes at the end of January are $2,800.
3. Prepare an adjusted trial balance as of January 31,2024.\table[[Accounts,Debit,Credit],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,],[,,]]
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