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 $ 44,600 48,380 9,480 83,000 $ 10,900 16,500 19,000 99,000 39,900 $185,300 $185,300 Ook ences During January 2021, the following transactions occur January 2 Issue an additional 2,200 shares of 51 por value common stock for $44,000. January 9 Provide services to customers on account, $19,700. January 10 Purchase additional supplies on account, $6,800. January 12 Purchase 1,000 shares of treasury stock for $22 per share. January 15 Pay cash on accounts payable, $16,400. January 21 Provide services to customers for cash, 551,000. January 22 Receive cash on accounts receivable, $18,500. January 29 Declare a cash dividend of $0.30 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, 543,900. The following information is available on January 31, 2021 a. Unpaid utilities for the month of January are $8,100 b. Supplies at the end of January total $7,000 c 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 $11.900. d. Accrued income taxes at the end of January are $3,000 VIEW uansaction ST View joumar Cry WorkSTEET X BEERE 10 Record the payment of cash for salaries during January, $43,900. 11 Unpaid utilities for the month of January are $8,100. Prepare the adjusting entry for utilities. 12 Supplies at the end of January total $7,000. Prepare the adjusting entry for supplies. 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 $11,900. Prepare the adjusting entry for depreciation. Song 14 ARRALLA Lan.. Annn Note : = journal entry has been entered 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 $11.900. Prepare the adjusting entry for depreciation. 14 Accrued income taxes at the end of January are $3,000. Prepare the adjusting entry for income taxes. 15 Record the closing entry for revenue. 16 Record the closing entry for expenses. 17 Record the closing entry for dividends. Note : = journal entry has been entered