On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: 100 points Skipped Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 43,600 46,300 8,400 73,000 $ 9,900 15,500 19.00 89.000 37,900 $171,300 $171,380 eBook Print During January 2021, the following transactions occur References 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. $16,300. January 10 Purchase additional supplies on account, $5,800. January 12 Purchase 1,200 shares of treasury stock for $22 per share. January 15 Pay cash on accounts payable, $17,400. January 21 Provide services to customers for cash, $50,000. January 22 Receive cash on accounts receivable, $17,500. January 29 Declare a cash dividend of $0.40 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 19,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $24 per share. January 31 Pay cash for salaries during January, $42,900. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7100. b. Supplies at the end of January total $6,000. c. 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 $10,900. d. Accrued income taxes at the end of January are $2,000. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. 100 points View transaction list Skipped eBook 17 > 11 Unpaid utilities for the month of January are $7,100. Prepare the adjusting entry for utilities. uary are $7,100. Print 12 Supplies at the end of January total $6,000. Prepare the adjusting entry for supplies. References Credit 13 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 $10,900. Prepare the adjusting entry for depreciation. 14 Accrued income taxes at the end of January are $2,000. Prepare the adjusting entry for income taxes. Note : = journal entry has been entered Record entry Clear entry View general journal 15 Record the closing entry for revenue. 16 Record the closing entry for expenses. 17 Record the closing entry for dividends. d. Accrued income taxes at the end of January are $2,000. Requirement General Journal General Ledger Trial Balance Income Statement 100 points Balance Sheet Analysis If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Skipped View transaction list eBook Journal entry worksheet Print Record purchase of additional supplies on account, $5,800. References Note: Enter debits before credits Date Account Title Debit Credit Jan 10 Record entry Clear entry View general journal