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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

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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 account balances Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, 31 par valve Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 44,400 47,900 9,280 81,000 $ 10,700 16,30 17,000 97,000 41,50 $182, See $182,580 During January 2021, the following transactions occur January 2 Issue an additional 2,100 shares of 31 par value cotton stock for $42.000 January 9 Provide services to customer's on account, $19.380 January 10 Purchase additional supplies on account, 56,600. January 12 Purchase 1,200 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, 318,200 January 21 Provide services to customers for cast 350,00 January 22 Receive cash on accounts receivable, 318,300. January 29 Declare a cash dividend of $0.20 per share to all share outstanding on January 29, the dividend is payable on February 15. (Hint: Grand Finale Fireworks had 1, shares outstanding on January 1, 2021, and dividends are not paid on treasury stock) January 30 Mosel1 500 shares of treasury stock for 2 pershane January 31 Pay cash for salaries during January, 143.700. 6. Record closing entries (if no entry is required for a transaction/event, select "No Journal entry required in the first account field.)

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