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On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts

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On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: 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, 189 45,300 7,900 68,000 $ 9,400 15,800 14,000 84,000 41.900 $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 $42,000. January 9 Provide services to customers on account, $15.300. January 10 Purchase additional supplies on account, 55,300. January 12 Purchase 1.100 shares of treasury stock for $10 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 Cash dividend of 50.20 per Share to all shares outstanding on January 29, The dividend is payable on Februar 15. (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2021, and dividends are not paid on treasuryStock.) January 30 Resell 700 Sharest reasury stock for $21 per share January 31 Pay Cash for salaries during January $42,400. earch Ort e 9W On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: 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, 189 45,300 7,900 68,000 $ 9,400 15,800 14,000 84,000 41.900 $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 $42,000. January 9 Provide services to customers on account, $15.300. January 10 Purchase additional supplies on account, 55,300. January 12 Purchase 1.100 shares of treasury stock for $10 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 Cash dividend of 50.20 per Share to all shares outstanding on January 29, The dividend is payable on Februar 15. (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2021, and dividends are not paid on treasuryStock.) January 30 Resell 700 Sharest reasury stock for $21 per share January 31 Pay Cash for salaries during January $42,400. earch Ort e 9W

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