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 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $16,800. 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, 2024, 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 31,2024. 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 straight-line 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. Journal entry worksheet 8 17 Record issuance of an additional 2,000 shares of $1 par value common stock for $40,000. Note: Enter debits before credits. General Ledger Account 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 Multiple-Step Income Statement For the Month Ended January 31, 2024 \begin{tabular}{|l|l|l|} \hline & & \\ \hline Total Revenue & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Trial Balance Balance Sheet > Prepare a classified balance sheet as of January 31,2024 . Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Using the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decim and earnings per share value to 2 decimal places.) 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 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $16,800. 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, 2024, 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 31,2024. 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 straight-line 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. Journal entry worksheet 8 17 Record issuance of an additional 2,000 shares of $1 par value common stock for $40,000. Note: Enter debits before credits. General Ledger Account 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 Multiple-Step Income Statement For the Month Ended January 31, 2024 \begin{tabular}{|l|l|l|} \hline & & \\ \hline Total Revenue & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline Total Operating Expenses & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Trial Balance Balance Sheet > Prepare a classified balance sheet as of January 31,2024 . Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection Using the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decim and earnings per share value to 2 decimal places.)
