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 $ 43,000 45,100 7,800 67,000 $ 9,300 14.900 13,000 83,000 42,700 $162,900 $162,900 During January 2021 the following transactions occut January 2 Issue an additional 2.200 shares of 31 par value common stock for $44,000 January 9 Provide services to customers on account, $15,100. January 10 Purchase additional supplies on account. 95,200. January 12 Purchase 1,100 shares of treasury stock for $18 per share, January 15 Pay cash on accounts payable, $16,800 January 21 Provide services to custoners for cash $49.400. January 22 Receive cash on accounts receivable, $16,900 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 13,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock) January 30 Resell 900 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $42,300. Chech a. Unpaid utilities for the month of January are $6,500. b. Supplies at the end of January total $5,400.. 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 $10,300 d. Accrued income taxes at the end of January are $2,300. 3. Prepare an adjusted trial balance as of January 31, 2021 Credit GRAND FINALE FIREWORKS Adjusted Trial Balance January 31, 2021 Accounts Debit Cash Accounts Payable TAccounts Receivable Supplies Equipment Accumulated Depreciation Treasury Stock Olvidends Payable Utilities Payable 9 of 9 6 6 Required information GRAND FINALE FIREWORKS Adjusted Trial Balance January 31, 2021 Debit Accounts Credit Cash Accounts Payable Accounts Receivable Supplies Equipment Accumulated Depreciation Treasury Stock Dividends Payable Utilities Payable Income Tax Payable Common Stock Retained Earnings Additional Paid-in Capital Dividends Cash Prey 6 numuntadt innrnrintinn Required information Utilities Payable Income Tax Payable Common Stock Retained Earnings [Additional Paid-in Capital Dividends Cash Service Revenue Cash Income Tax Expense Depreciation Expense Totals $ 0 $ 0