On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Accounts Credit Debit $ 43,100 Cash Accounts Receivable Supplies 45,300 7,900 68,000 Equipment. Accumulated Depreciation 9,400 15,000 Accounts Payable 14,000 Common Stock, $1 par value Paid-in Capital-Excess of Par Retained Earnings 84,000 41,900 Totals $164,300 $164,300 During January 2021, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par value common stock for January 9 Provide services to customers on account, $15,300. 42,000. January 10 Purchase additional supplies on account, $5,300. January 12 Repurchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $16,900. January 21 Provide services to customers for cash, $49,500. January 22 Receive cash on accounts receivable, $17,000. 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: Freedom Fireworks had 14,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Reissue 700 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42,400. The following information is available on January 31, 2021. 1. Unpaid utilities for the month of January are $6,600. 2. Supplies at the end of January total $5,500. 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 $10,400. 4. Accrued income taxes at the end of January are $2,400. $ General General Requirement Trial Balance Income Statement Balance Sheet Journal Ledger Analysis 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.) View transaction list Journal entry worksheet 1 7 8 16 > ... Issue an additional 2,100 shares of $1 par value common stock for $40,000. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Cash Common stock Paid-in capital-excess of par 40,000 2,100 37,900