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 $2,$ee$$ shares of $$1$ par value comon stock for $$40,000.$

January $9$ Provide services to custoners on account, $$19,509.$

January $10$ Purchase additional supplies on account, $$6,700.$

January $12$ Purchase $1,200$ shares of treasury stock for $$21$ per share.

January $15$ Pay cash on accounts payable, $$18,390.$

January $21$ Prowide services to custoners for cash, $$50,900.$

January $22$ Receive cash on accounts receivable, $$18,400.$

January $29$ Declare a cash dividend of $$0\mathrm{.}30$ per share to all shares outstanding on January $29.$ The dividend is payable on February

$($Hint: Grand Finale Fireworks had $18,000$ shares outstanding on January $1,2024,$ and dividends are not paid on

treasury stock.$)$

January $30$ Resell $609$ shares of treasury stock for $$23$ per share.

January $31$ Pay cash for salaries during January, $$43,896.$

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

a$.$ Unpald utilitles for the month of January are $$8,000.$

b$.$ Supplies at the end of January total $$6,900.$

c$.$ Depreclation on the equipment for the month of January is calculated using the stralght$-$line method. At the time the equipment was

purchased, the company estimated a service life of three years and a residual value of $$11,800.$

d$.$ Accrued Income taxes at the end of January are $$2,900.$

Journal entry worksheet

Record issuance of an additional $2,000$ shares of $$1$ par value common stock

for $$40,000.$

Note: Enter debits before credits.