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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

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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 insue an additional 2,300 nhares of $1 par value connon btock for $46,000. January 9 Provide servicen to eustomers on account, $20,400. January 10 Purehane additional supplien on account, $6,900, January 12 purchase 1,100 ahares of treasury stock for 319 per share. January is pay eanh on accounts payable, $18,500. January 21 Provide services to euntomers for cash, $51,100. January 22 Receive canh on account receivable, $18,600, January 29 Declare a eanh dividend of $0.20 per nhare to all nhares outatanding on January 29. The dividiend In payable on February 15. (Hint; Grand Finale Fireworks had 20,000 ehares outstanding on January 1,2024 , and dividends are not paid on treasury stock.) January 30 Resell 000 shares of treasury stook for $21 per nhare. January 31 pay eash for salaries during January, $44,000. Required 1. Record each of the transactions listed above. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record issuance of an additional 2,300 shares of \$1 par value common stock for $46,000 Note:- Enter debits before credits. 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 straightine 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 field.) Journal entry worksheet Unpaid utilities for the month of January are $8,200. Prepare the adjusting entry for utilities. Note: Lnter debits before credits. 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. 3. Prepare an adjusted trial balance as of January 31,2024. 4. Prepare a multiple-step income statement for the period ended January 31,2024

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