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please help! will thumbs up! Required information (The following information applies to the questions displayed below) On January 1, 2024, the general ledger of Grand
please help! will thumbs up!
Required information (The following information applies to the questions displayed below) 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 2,10e shares of $1 par value comon stock for 42, 000. January 9 Provide services to custoeers on account, $26,300. Jawusy 19 Purchase additional supplies on account, 55,600 . Jowaly 12 Purchase 1,200 shares of treasury stock for $22 per share. January 21 prodosh on eccounts payable, 317,400 . January 21 Provide services to customers for cash, 550 , e0e. January 20 Declare cash on accounts recelvable, $17,500. on Febryafy as. dividend of 10.40 per share to all shares outstanding on january 29. The dividend is payable. dividends are notint: Grand Finale Firesorks had 19, 000 shares outstanding on january 1, 2024, and 3anuary 3a Anell 760 shares of tresury stock for 124 per share. 3 anwary 31 pay cash for aalaries during sanuary, 542,900 . Required 1. Riccord each of the transactions listed above (If no entry is required for a transoction/event, select "No Joumal Entry Required" in the first occount field.) Record the declaration of a cash dividend of $0.40 per share to all shares outstanding 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.) Note: Enter debits before credits. Journal entry worksheet 12 3 4 5 7) 8 Record the resale of 700 shares of treasury stock for $24 per share. Note: Enter debits before credits Step by Step Solution
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