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On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue

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On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2, 200 shares of $1 par value common stock for $40,060. January 9 Provide services to customers on account, $15,600. January 10 Purchase additional supplies on account, $5,400. January 12 Repurchase 1,200 shares of treasury stock for $17 per share. January 15 Pay cash on accounts payable, \$17,000. January 21 Provide services to customers for cash, 549,600. January 22 Receive cash on accounts receivable, $17,100. January 29 Declare a cash dividend of $0.30 per share to atl shares outstanding on January 29. The dividend is payab on February 15. (Hint: Freedon Fireworks had 15,ee0 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Reissue 880 shares of treasury stock for $19 per share. January 31 Pay cash for salaries during January, $42,500. The following information is available on January 31, 2021. On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: During January 2021, the following transactions occur: January 2 Issue an additional 2, 200 shares of $1 par value common stock for $40,060. January 9 Provide services to customers on account, $15,600. January 10 Purchase additional supplies on account, $5,400. January 12 Repurchase 1,200 shares of treasury stock for $17 per share. January 15 Pay cash on accounts payable, \$17,000. January 21 Provide services to customers for cash, 549,600. January 22 Receive cash on accounts receivable, $17,100. January 29 Declare a cash dividend of $0.30 per share to atl shares outstanding on January 29. The dividend is payab on February 15. (Hint: Freedon Fireworks had 15,ee0 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Reissue 880 shares of treasury stock for $19 per share. January 31 Pay cash for salaries during January, $42,500. The following information is available on January 31, 2021. January 21 Provide 5 ervices accounts receivable, $17,100. January 22 Receive cash on accounts receivable, $17,100. on february 15. (Hint: Freedon Fireworks had 15 , eee shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) 3athary 30 Reissue 800 shares of treasury stock for $19 per share. January 31 Pay cash for salaries during January, $42,500. The following information is avallable on January 31,2021. 1. Unpaid utilites for the month of January are $6,700. 2. Supplies at the end of January total $5,600. 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 $10,500. 4. Acctued income taxes at the end of January are $2,500. Prepare the journal entries for transactions. (If ho entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Issue an additional 2,000 shares of $1 par value common stock for $40,000. Note: Enter debits before credits

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