Record the entry to close the revenue accounts.

Record the entry to close the expense accounts.

Record the entry to close the dividends account.

Prepare the adjusted income statement

Prepare the adjusted balance sheet

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 2,000 shares of $1 par value cormon stock for $40,000. January 9 Provide services to customers on account, $18,200. January 10 Purchase additional nupplies on account, $6,300. January 12 Purchase 1,100 aharem of treasury stook for $21 per share. January 15 Pay cash on accounts payable, $17,900. January 21 provide services to custowers for cash, $50,500. January 22 Receive cash on accounts receivable, $18,000. January 29 Doclare a cash dividend of $0.30 per share to all ohares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury atock for $23 per share. January 31 pay casb for salaries during January, $43,400. The following information is available on January 31,2024. a. Unpaid utilities for the month of January are $7,600. b. Supplies at the end of January total $6,500. 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 $11,400. d. Accrued income taxes at the end of January are $2,500. \begin{tabular}{|l|l|l|l|l|} \hline 10 & January 31 & Salaries Expense & 43,400 & 437 \\ \hline & & Cash & & 43,400 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|c|c|} \hline & 12 & January 31 & Supplies Expense & 8,700 \\ \hline & & Supplies & 8,700 \\ \hline & 13 & January 31 & Depreciation Expense & \\ \hline & & Accumulated Depreciation & 22,200 & 2,2,200 \\ \hline & & & 2,500 \\ \hline & & & Income Tax Expense & \\ \hline & January 31 & Income Tax Payable & 2,500 \\ \hline \end{tabular} Prepare a multiple-step income statement for the period EAded January 31, 2024. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Prepare a classified balance sheet as of January 31, 2024. Choose the appropriate accounts to complete the company's balance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection