ONLY MEED HELP RECORDING CLOSING ENTRY FOR REVENUE, EXPENSES, AND DIVIDENDS
Cek met Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $43, 100 45,300 7.900 68,000 $ 9,400 15,000 14,000 84,000 41.900 $164,300 $164,300 154:07 ok During January 2021, the following transactions occur ences January 2 Issue an additional 2,100 shares of $1 par value common stock for $42.000. January 9 Provide services to customers on account, $15,300. January 10 Purchase additional supplies on account, $5,300. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $16,900. January 21 Provide services to customers for cash, $49,500. January 22 Receive cash on accounts receivable, $17,000. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42,400. The following information is available on January 31, 2021 a. Unpaid utilities for the month of January are $6,600. b. Supplies at the end of January total $5,500. 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 $10,400. d. Accrued Income taxes at the end of January are $2,400. Journal entry worksheet Record the closing entry for revenue. Note: Enter debits before credits onces Account Title Debit Credit Date Jan 31 Record entry Clear entry View general Journal Record the closing entry for expenses. 100 points (8 01:53:39 Note: Enter debits before credits Date Account Title Debit Credit eBook Jan 31 Print References Record entry Clear entry View general journal Truyu Record the closing entry for dividends. 100 points 8 015223 Note: Enter debits before credits. Date Account Title Debit Credit eBook Jan 31 Dit References Record entry Clear entry View general journal