On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	42,700
Accounts Receivable		44,500
Supplies		7,500
Equipment		64,000
Accumulated Depreciation				$	9,000
Accounts Payable					14,600
Common Stock, $1 par value					10,000
Additional Paid-in Capital					80,000
Retained Earnings					45,100
Totals	$	158,700		$	158,700

During January 2021, the following transactions occur:

January		2		Issue an additional 2,000 shares of $1 par value common stock for $40,000.
January		9		Provide services to customers on account, $14,300.
January		10		Purchase additional supplies on account, $4,900.
January		12		Purchase 1,000 shares of treasury stock for $18 per share.
January		15		Pay cash on accounts payable, $16,500.
January		21		Provide services to customers for cash, $49,100.
January		22		Receive cash on accounts receivable, $16,600.
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 10,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.)
January		30		Resell 600 shares of treasury stock for $20 per share.
January		31		Pay cash for salaries during January, $42,000.

Record closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Journal entry worksheet