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record the journal entries for the informatiom available on January 31, 2024 ( PART a,b,c,d on the bottom) January 2 Issue an additional 2,200 shares
record the journal entries for the informatiom available on January 31, 2024 ( PART a,b,c,d on the bottom)
January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $14,800. January 10 Purchase additional supplies on account, $5,100. January 12 Purchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $16,70e. January 21 Provide services to custoners for cash, $49,300. January 22 Receive cash on accounts receivable, $16,800. January 29 Declare a cash dividend of $0.30 per share to atl shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 12, 080 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during january, $42,200. The following information is available on January 31, 2024. a. Unpaid utilities for the month of January are $6.400. b. Supplies at the end of January total $5,300. c. Depreciation on the equipment for the month of January is colculated using the stroight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $10.200. d. Accrued income taxes at the end of Januarv are $2,200 Step by Step Solution
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