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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 Eovipment 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 Eovipment Accumulated Depreciation Accounts Payable Cocon Stock, 31 par value Additional din Capital Retained Earning Totats Debit Credit 544,400 47,00 1,200 81,000 $ 10,00 16,30 17.00 97,00 41,500 5182,500 $182,500 During January 2021, the following transactions occur 7 January 2 Issue an additional 3,100 shares of 31 par value common stock for 542,000 January 9 Provide services to customers on account) $19, se January 20 Purchase notional supplies on account. 56,600 January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, 318,200. January 21 Provide services to customers for cash, 550,00 January 22 Receive cash accounts receivable, 518, 3e. January 3 bedarea dividend of 50.2 per share to all shares outstanding on January 29. The dividend is payable on February 15 O Grand Finale Fireworks had 1, shares outstanding on January 1, 2021, and dividends are not paid on treasury Ktock) January 3 sell 50 shares of treasury stock for 122 per te January 31 Pay cash for salaries during any, 143,700, a. Unpaid tiles for the month of January are $7,900 b. Supplies at the end of January total $6.800 Depreciation on the equipment for the month of January is calculated using the straightine method. At the time the equipment was purchased the company estimated a service life of three years and a residual value of $11.700 d. Accrued income taxes at the end of January are $2.800 3. Prepare an adjusted trial balance as of January 31 2021 Required Information The following information apples to the questions displayed below) On January 1 2021, the general ledger of Grand Finale Fireworks Includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipent Accumulated Depreciation Accounts Payable Conn Stock, $1 par value Additional Paid in Capital Retained Earnings Totals Debit Credit $ 44,410 47,90 9,200 81,000 $10,700 16,30 17,000 97,600 41 500 $182,500 $182,500 During January 2021, the following transactions occur January 2 Issue an additional 2,100 shares of 31 par value common stock for $42,400. January 9 Provide services to customers on account, $19,300. January 10 Purchase additional supplies on account, 56,600 January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $1,200 January 21 Provide services to custovers for cash, 850,00 January 22 Receive cash as accounts receivable, $180 January 29 Declare a cash dividend of $0.20 per share to all three outstanding on January 20. The dividend is payable on February 15. Xinti Grand Finale Fireworks had 17,00 shares outstanding on January 1, 2021, and dividends are not paid an treasury stock) January 30 fusell 500 shares of treasury stock for $22 per share January 31 Pay cash for salaries during January, 54,700 Unpaid tries for the month of January are $7.900 b. Supplies at the end of January total $6.800 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 $11.700. d Accrued income taxes at the end of January are $2.800 3. Prepare an adjusted trial balance as of January 31 2021

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