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please be specific on the account titles and whether its debit or credit. thank you! On January 1, 2021, the general ledger of Grand Finale

please be specific on the account titles and whether its debit or credit. thank you! image text in transcribed
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On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 43,400 Accounts Receivable 45,900 Supplies 8,200 Equipment 71,000 Accumulated Depreciation 5 9,780 Accounts Payable 15,300 Common Stock, $1 par value 17,000 Additional Paid-in Capital 87,000 Retained Earnings 39,500 Totals $168,500 $168,500 During January 2021, the following transactions occur sary 2 issue an additional 2,100 shares of $1 par value common stock for $42,000. January 9 Provide services to customers on account, $16,700. January 10 Purchase additional supplies on account, 55,600. January 12 Purchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $17,200. January 21 Provide services to customers for cash. $49,800 January 22 Receive cash on accounts receivable, $17,300. 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 17,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $42,700. The following information is available on January 31, 2021. a, Unpaid utilities for the month of January are $6,900 6. Supplies at the end of January total $5,800 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 $10,700 d. Accrued income taxes at the end of January are $2,700. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Yeni

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