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 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $19,700. January 10 Purchase additional supplies on account, $6,800. January 12 Purchase 1,000 shares of treasury stock for $22 per share. January 15 Pay cash on accounts payable, $18,400. January 21 Provide services to customers for cash, $51,000. January 22 Receive cash on accounts receivable, $18,500. January 29 Declare a cash dividend of $0.30 per share to all sharesloutstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 19,000 shares outstanding on January 1,2024, and dividends are not paid on treasury stock, January 30 Resel1 700 shares of treasury stock for $24 per share. January 31 Pay cash for salaries during January, $43,900, The following information is available on January 31,2024. a. Unpaid utilities for the month of January are $8,100. b. Supplies at the end of January total $7,000. 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 $11,900. d. Accrued income taxes at the end of January are $3,000. Prepare a multipie-step income statement for the period ended January 31, 2024. Choose the appropriate accounts to complete the company's income statement, The unadjusted, adjusted, or post-dosing balances will appear for each account, Prepare a multiple-step income statement for the period ended January 31, 2024. Choose the appropriate a complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear fb based on your selection. The following information is available on January 31,2024. a. Unpaid utilities for the month of January are $8,100. b. Supplies at the end of January total $7,000. c. Depreciation on the equipment for the month of January is calculated using the straight-line m the time the equipment was purchased, the company estimated a service life of three years an residual value of $11,900. d. Accrued income taxes at the end of January are $3,000. 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 applear for each account, based on your selection
