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please fill in any blanks or wrong answers for general ledger questions: 8,11,12,13,14,15,16,17 on question #23, as well as the income statment. Thank you. 23

please fill in any blanks or wrong answers for general ledger questions: 8,11,12,13,14,15,16,17 on question #23, as well as the income statment. Thank you. image text in transcribed
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23 Exercise 10-17A Complete the accounting cycle using stockholders' equity transactions 10-5, 10-8) (GL) 7 points 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 $ 9,700 Accounts Payable 15,300 Common Stock, $1 par value 17,000 Additional Paid-in Capital 87,000 Retained Earnings 39500 Totals $168,500 $168,500 23 During January 2021, the following transactions occur. 7 polits 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, $16,700. January 10 Purchase additional supplies on account, $5,600. 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 I 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 b. 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. (Hint Start with the cost of the Equipment shown at the top.) d. Accrued income taxes at the end of January are $2,700. 23 Journal entry worksheet 6 8 .... 17 7 points eBook Record the declaration of 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, 2018 and dividends are not paid on treasury stock.) Note: Enter debits before credits Date Account Title Debit Credit Jan 29 Dividends Dividends Payable Record entry Clear entry View general Journal 23 View transaction list 7 points Journal entry worksheet . 10 11 12 13 14 15 16 17 eBook Unpaid utilities for the month of January are $6,900. Prepare the adjusting entry for utilities Notet Enter debits before credits Account Title Debit Date Jan 31 Credit Utilities Expense 6,900 6.900 23 View transaction list Journal entry worksheet pints eBook Supplies at the end of January total $5,800. Prepare the adjusting entry for supplies Note: Enter debits before credits Date Account Title Jan 31 Supplies Expense Supplies Debit Credit Journal entry worksheet Record the closing entry for expenses. Note: Enter debits before credits Date Debit Account Title Retained Earnings Credit Jan 31 23 View transaction list Journal entry worksheet ants

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