On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Debit $ 43,900 Credit Accounts Cash 46,900 Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable 8,700 76,000 $ 10,200 15,800 Common Stock, $1 par value Additional Paid-in Capital 12,000 92,000 Retained Earnings 45,500 $175,500 $175,500 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000 January 9 Provide services to customers on account, $17,200. January January 10 Purchase additional supplies on account, $6, 100 January 12 Purchase 1,400 shares of treasury stock for $18 per share January 15 Pay cash on accounts payable, $17,700. January 21 Provide services to customers for cash, $50,300 January 22 Receive cash on accounts receivable, $17,800 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 12,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 400 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $43,200 The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,400. b. Supplies at the end of January total $6,300. 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 $11,200. d. Accrued income taxes at the end of January are $2,300. Journal entry worksheet 3 1 2 5 7 17 Record issuance of an additional 2,100 shares of $1 par value common stock for $42,000 Note: Enter debits before credits. Credit Date Account Title Debit Jan 02 View general journal Record entry Clear entry Journal entry worksheet