On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances Debit Credit Accounts $ 43,500 Cash Accounts Receivable 46,100 8,300 Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings 72,000 9,800 15,400 18,000 88,000 38,700 $169,900 $169,900 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 9 Provide services to customers on account, $16,800. January January January 10 Purchase additional supplies on account, $5,700 January 12 Purchase 1,100 shares of treasury stock for $21 per share. January 15 Pay cash on accounts payable, $17,300 January 21 Provide services to customers for cash, $49,900. January 22 Receive cash on accounts receivable, $17,400 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 18,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 900 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $42,800 The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,000. b. Supplies at the end of January total $5,900. 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 $10,800. d. Accrued income taxes at the end of January are $2,800. Requirement Analysis Trial Balance Balance Sheet Journal Ledger Statement Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted Grand Finale Fireworks Trial Balance January 31, 2021 Account Title Debit Credit 43,500 Cash Accounts Receivable 46,100 Supplies 8,300 Equipment Accumulated Depreciation Accounts Payable Common Stock 72,000 9,800 15,400 18,000 Additional Paid-in Capital 88,000 Retained Earnings 38,700 169,900 Total $ 169,900 $ EA On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances Debit Credit Accounts $ 43,500 Cash Accounts Receivable 46,100 8,300 Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings 72,000 9,800 15,400 18,000 88,000 38,700 $169,900 $169,900 Totals During January 2021, the following transactions occur: 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000 9 Provide services to customers on account, $16,800. January January January 10 Purchase additional supplies on account, $5,700 January 12 Purchase 1,100 shares of treasury stock for $21 per share. January 15 Pay cash on accounts payable, $17,300 January 21 Provide services to customers for cash, $49,900. January 22 Receive cash on accounts receivable, $17,400 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 18,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 900 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $42,800 The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7,000. b. Supplies at the end of January total $5,900. 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 $10,800. d. Accrued income taxes at the end of January are $2,800. Requirement Analysis Trial Balance Balance Sheet Journal Ledger Statement Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted Grand Finale Fireworks Trial Balance January 31, 2021 Account Title Debit Credit 43,500 Cash Accounts Receivable 46,100 Supplies 8,300 Equipment Accumulated Depreciation Accounts Payable Common Stock 72,000 9,800 15,400 18,000 Additional Paid-in Capital 88,000 Retained Earnings 38,700 169,900 Total $ 169,900 $ EA