On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	44,100
Accounts Receivable		47,300
Supplies		8,900
Equipment		78,000
Accumulated Depreciation				$	10,400
Accounts Payable					16,000
Common Stock, $1 par value					14,000
Paid-in Capital-Excess of Par					94,000
Retained Earnings					43,900
Totals	$	178,300		$	178,300

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, $18,200.
January		10		Purchase additional supplies on account, $6,300.
January		12		Repurchase 1,100 shares of treasury stock for $21 per share.
January		15		Pay cash on accounts payable, $17,900.
January		21		Provide services to customers for cash, $50,500.
January		22		Receive cash on accounts receivable, $18,000.
January		29		Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15.
				(Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.)
January		30		Reissue 800 shares of treasury stock for $23 per share.
January		31		Pay cash for salaries during January, $43,400.

The following information is available on January 31, 2018.

1. Unpaid utilities for the month of January are $7,600.
2. Supplies at the end of January total $6,500.
3. 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 $11,400.
4. Accrued income taxes at the end of January are $2,500.

No	Date	Account Title	Debit	Credit
1	Jan 02	Cash	40,000
		Common stock		2,000
		Paid-in capital-excess of par		38,000
2	Jan 09	Accounts receivable	18,200
		Service revenue		18,200
3	Jan 10	Supplies	6,300
		Accounts payable		6,300
4	Jan 12	Treasury stock	23,100
		Cash		23,100
5	Jan 15	Accounts payable	17,900
		Cash		17,900
6	Jan 21	Cash	50,500
		Service revenue		50,500
7	Jan 22	Cash	18,000
		Accounts receivable		18,000
8	Jan 29	Retained earnings	4,470
		Dividends payable		4,470
9	Jan 30	Cash	18,400
		Treasury stock		16,800
		Paid-in capital-share repurchase		1,600
10	Jan 31	Salaries expense	43,400
		Cash		43,400
11	Jan 31	Utilities expense	7,600
		Utilities payable		7,600
12	Jan 31	Supplies expense	8,700
		Supplies		8,700
13	Jan 31	Depreciation expense	1,200
		Accumulated depreciation		1,200
14	Jan 31	Income tax expense	2,500
		Income tax payable		2,500
15	Jan 31	Income tax payable	68,700
		Retained earnings		68,700
16	Jan 31	Record closing entry for expenses