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Required Information The following information applies to the questions displayed below) On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following
Required Information The following information applies to the questions displayed below) On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances Account Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, 31 par valon Additional din Capital Retained Earning Totals Dett red 00 490 9,20 OX $10,700 10.30 19. 97.000 1,500 $102, 103, During January 2021, the following transactions occur January 2 I aditional, the par le confor 143,000 January Provide Avices to count, 39,100 January 10 Purchase wit supplies on account 56,60 January 12 Purchase 200 of twy Atock for per har January 15 Pay Cathcount payable 1,00 January 21 Provide services for cash, January 2 Recetve can occounts receivable, 118,300 January 29 Declare a cash dividend of 10.2 er stare to all shares tanding on arvidend pay on February 15 Grand Finale Firework 19.00 annuary 2012 dividends are not paid on treasury Atock January Resores of treasury Stock For 2 per share January 31 Pay for salarie ding wary 14,70 a Unpaid utilities for the month of January are $7900 b Supplies at the end of January total 56.800 c. Depreciation on the equipment for the month of January calculated using the straighine method At the time the equipment wat purchased, the company estimated a service life of three years and a residual value of $11700 d. Accrued income taxes at the end of January are $2.800 3. Prepare an adjusted to balance as of January 21, 2021
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