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 stoek for $44,000. January 9 provide services to customers on account, $19,700. January 10 purchase additional supplies on aceount, $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,$00. January 29 Deolare a caah dividend of 50.30 per share to all shares outatanding on January 29. The dividend in payable on Pobruary 15. (Hint, Grand Finale Fireworks had 19,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury etock.) January 30 Rene11 700 ohares of treasury stock for $24 per share. January 31 Pay eash 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. 1. Record each of the transactions listed above 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 Journal' tab (these are shown as items 11 to 14 ). 3. Review the adjusted '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 balance sheet as of January 31, 2024, in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Joumal' tab (these are shown as items 15 to 17). 7. Using the information from the requirements above, complete the 'Analysis' tab. 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 stoek for $44,000. January 9 provide services to customers on account, $19,700. January 10 purchase additional supplies on aceount, $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,$00. January 29 Deolare a caah dividend of 50.30 per share to all shares outatanding on January 29. The dividend in payable on Pobruary 15. (Hint, Grand Finale Fireworks had 19,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury etock.) January 30 Rene11 700 ohares of treasury stock for $24 per share. January 31 Pay eash 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. 1. Record each of the transactions listed above 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 Journal' tab (these are shown as items 11 to 14 ). 3. Review the adjusted '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 balance sheet as of January 31, 2024, in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Joumal' tab (these are shown as items 15 to 17). 7. Using the information from the requirements above, complete the 'Analysis' tab
