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 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15 . (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1 , 2024 , and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 2 Issue an additional 2,2e0 shares of $1 par value common stock for $44,800. January 9 Provide services to customers on account, $16,600. January 18 Purchase additional supplies on account, $5,980. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for \$26 per share. January 31 Pay cash for salaries during January, $43,000. 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 Issue an additional 2,2ee shares of \$1 par value common stock for $44,000. January 9 Provide services to customers on account, $16,600. January 18 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2824, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salaries during January, $43,000. a. Unpald utilitles for the month of January are $7,200. b. Supplies at the end of January total $6,100. 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 $11,000. d. Accrued Income taxes at the end of January are $2,100. 2. Record the adjusting entrles on January 31,2024 for the above transactions. (If no entry Is required for a transaction/event, select "No journal entry requlred" In the first account fleld.) Journal entry worksheet 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: Durlng January 2024 , the following transactions occur: January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,e00. January 9 Provide services to customers on account, $16,600. January 16 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15 . (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1 , 2024 , and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 2 Issue an additional 2,2e0 shares of \$1 par value common stock for $44,800. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salaries during January, $43,000. Record closing entrles. (If no entry Is required for a transaction/event, select "No Journal entry requlred" In the first account eld.) [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 Issue an additional 2,2ee shares of $1 par value common stock for $44, 200 . January 9 Provide services to customers on account, $16,680. January 18 Purchase additional supplies on account, $5,960. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salaries during January, $43,000. 7. Analyze the following for Grand FInale Flreworks: a-1. Calculate the return on equity for the month of January. a.2. If the average return on equity for the Industry for January is 2.5%, is the company more or less profitable than other companles in the same Industry? b. How many shares of common stock are outstanding as of January 31,2024 ? c-1. Calculate earnings per share for the month of January. (HInt: To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2 .) c-2. If earnings per share was $3.60 last year (I.e., an average of $3.60 per month), Is earnings per share for January 2024 better or worse than last year's average? Complete this question by entering your answers in the tabs below. Required Information [The following information applies to the questlons 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 Issue an additional 2,2ee shares of \$1 par value common stock for $44,800. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of \$0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salaries during January, $43,060. a. Unpard utillties for the month of January are $7,200. b. Supplies at the end of January total $6,100. c. Depreclation 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 $11,000. d. Accrued income taxes at the end of January are $2,100. 3. Prepare an adjusted trlal balance as of January 31, 2024. [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 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15 . (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1 , 2824, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salaries during January, $43,000. January 2 Issue an additional 2,2e0 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2824, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for \$26 per share. January 31 Pay cash for salaries during January, $43,080. Required 1. Record each of the transactions IIsted above. (If no entry is requlred for a transaction/event, select "No Journal Entry Requlred" In the first account fleld.) 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 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services to customers on account, $16,600. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15 . (Hint: Grand Finale Fireworks had 10 , 900 shares outstanding on January 1 , 2024 , and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 2 Issue an additional 2,280 shares of $1 par value common stock for $44,800. January 9 Provide services to customers on account, $16,6e0. January 10 Purchase additional supplies on account, $5,900. January 12 Purchase 1,200 shares of treasury stock for $24 per share. January 15 Pay cash on accounts payable, $17,500. January 21 Provide services to customers for cash, $50,100. January 22 Receive cash on accounts receivable, $17,600. January 29 Declare a cash dividend of \$0.20 per share to all shares outstanding on January 29 . The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 600 shares of treasury stock for $26 per share. January 31 Pay cash for salaries during January, $43,000. 4. Prepare a multiple-step Income statement for the perlod ended January 31, 2024