Record the entry to close the revenue accounts.

Record the entry to close the expense accounts.

Record the entry to close the dividend accounts.

Prepare a multiple-step income statement for the period ended January 31, 2018.

Prepare a classified balance sheet as of January 31, 2018.

On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Accounts Debit Credit Cash 43,900 Accounts Receivable 46,900 Supplies 8,700 76,000 Equipment 10,200 Accumulated Depreciation 15,800 Accounts Payable 12,000 Common Stock, $1 par value 92,000 Additional Paid-in Capital 45,500 Retained Earnings Totals $175,500 $175,500 During January 2018, the following transactions occur: 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, $17,200 January 10 Purchase additional supplies on account, $6,100. January 12 Repurchase 1,400 shares of treasury stock for $18 per share. January 15 Pay cash on accounts payable, $17,700. January 21 Provide services to customers for cash, $50,300. January 22 Receive cash on accounts receivable, $17,800. January 29 Declare 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 12,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) January 30 Reissue 400 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $43,200