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Required information Exercise 10-20 (Algo) Complete the accounting cycle using stockholders' equity transactions (LC10-2, 104,105,108) [The following information applies to the questions displayed below.] On

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Required information Exercise 10-20 (Algo) Complete the accounting cycle using stockholders' equity transactions (LC10-2, 104,105,108) [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 Januory 2024, the following transactions occur: 3anuary 2 Issue an additional 2,30e shares of $1 par vatue connan stock for $46, aee. 3anuary 9 Provide services to custoners on account, 520,400. January 1a purchase additional supplies on account, $6,900. Janiary 12 Purchase 1,10e shares of troasury stock for $19 per share. January is Pay casb on accounts payoble, 116,5e0. January 21 Provide services to custoners for cash, 351,10e. Januaty 22 meceive cash on accounts recotvable, $18,680. January 20 Declare a cash dividend of 50.20 per share to all shares outstanding on Janvary 29. The dividend is payable on February 15. W.int: Grand Finale Firevorks had 20, e0o shares outstanding on January 1. 2024, and dividends are not paid on treasury stack. January 30 Resell Bea shares of treasury stock for $21 per share. Januafy 31 Pay cash for salaries during January, s44, 0eo. a. Unpaid utilities for the month of January are $8,200. b. Supplies at the end of January total $7,100. 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 $12,000. d. Accrued income taxes at the end of January are $3,100. 2. Record the adjusting entries on January 31, 2024 for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fieid.) Journal entry worksheet Unpaid utilities for the month of Jonuary are $8,200. Prepare the adjusting entry for utilities

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