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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

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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 2,0e0 shares of $1 par value common stock for $40,060. January 9 Provide services to customers on account, $16,800. January 16 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, $49,980. January 22 Receive cash on accounts receivable, $17,400. January 29 Declare a cash dividend of $0.30 per share to atl shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 18, 0e shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Reselt 900 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $42,800. 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. 3. Prepare an adjusted trial balance as of January 31, 2024. ! Required information GRAND FINALE FIREWORKS Income Statement For the Month Ended January 31, 2024 Revenues: Expenses: 1) Required information

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