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On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2024 , the following transactions occur: January

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On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 2 Issue an additional 2,160 shares of $1 par value comnon stock for $42,000. danuary 9 provide services to customers on account, \$17,200. January 10 Purchase additional supplies on account, $6,160. January 12 Purchase 1,460 shares of treasury stock for s18 per share. Janary is pay cash on accounts payable, $17,700. january 21 Provide services to custoncrs for cash, s50, 300. ganuary 22 heceive cash on accounts receivable, $17,800. January 29 beclare a cash dividend of 80.40 per share to all shares outstanding on January 29. The dividend is payable on lebruary 15. (Hint: Grand 1 inate Firemorks had 12,000 shares outstanding on January 1,2024 , and dividends are not paid on treasury stock.) January 3o Resell woo shares of treasury stock for 820 per share. January 31 Pay cosh for salaries during danaty, $41,200. The following information is available on January 31,2024 The following information is available on January 31,2024 0. Unpaid utlities for the month of January ore $7,400 b. Supplies at the end of January total $6,300 c. Depreciotion on the equipment for the month of Jonuary is calculated using the straight-line method. At the time the equipment was purchased, the company estimated o service life of three years ond a residual value of $11,200 d. Accrued income taxes at the end of January are $2,300 1. Record each of the transactions listed obove in the 'General Journal tab (these are shown as items 1 to 10). Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record adjusting entries on January 31. in the 'General Joumar tab (these are shown as items 11 to 14). 3. Review the adfusted 'Trial Balance' as of January 31, 2024, In the Trial Balance' tab. 4. Prepare a multiple-step income statement for the period ended January 31,2024 , in the 'Income Statement' tab. 5. Prepare a classified bolance sheet as of January 31, 2024, in the 'Balance sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 15 to 17). Journal entry worksheet Record issuance of an additional 2,100 shares of $1 par value common stock for $42,000. Note: Enter debits before credits. Journal entry worksheet 45678 Record the services provided to customers on account, $17,200. Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet Note: Enter debits before credits. Journal entry worksheet

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