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 Iasue an additional 2,300 'shares of $1 par value comon stock for $46,000. January 9 Provide nervicen to custoeerb on aceount, $20,400. January 10 Purchase additional wupplien on account, 56,900 . January 12 Purchane 1,100 shares of treanury atock for $19 per share. January 15 Pay cash on accounth payable, $18,500. January 21 provide nervices to cuntosera for canh, $51,100. January 22 Receive eash on accounts receivable, $18,600. January 29 Deelare a eanh dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on Yebruary 15. (Afint Grand Pinale Pireworkn had 20,000 aharen outstanding on Januacy 1, 2024, and dividende are not paid on treasury btock.) January 30 Rese11 800 sharen of treanury stoek for $21 per share. January 31 Pay cash for nalaries during January, \$44,000. 5. Prepare a classified balance sheet as of January 31,2024 . (Amounts to be deducted should be indicated by a minus sign.) 6. Record closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Journal entry worksheet 1 Record the entry to close the dividends account. Note: Enter debits before credits. 7. Analyze the following for Grand Finale Fireworks: 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 fess profitable than other companies 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 $2.40 last year (l.e., an average of $2.40 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. Calculate the retum on equity for the month of January. 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 \$2.40 last year (Le., an average of $2.40 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. If the average return on equity for the industry for January is 2.5%, is the company more or less proftable than other companies in the same industry? Leits prothotion than other corripantos in the some induet'y? 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 $2.40 last year (i.e., an average of $2.40 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. How many shares of common stock are outstanding as of January 31, 2024? 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 $2.40 last year (i.e., an average of $2.40 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. 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 .) 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 $2.40 last year (1.e., an average of $2.40 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. If earnings per share was $2.4 last year (i.e, an average of $2.4 per month), is eamings per share for January 2.024 better or worse than last year's average? thaste for January 2024 bettef of worte than last year's avernge? 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 Iasue an additional 2,300 'shares of $1 par value comon stock for $46,000. January 9 Provide nervicen to custoeerb on aceount, $20,400. January 10 Purchase additional wupplien on account, 56,900 . January 12 Purchane 1,100 shares of treanury atock for $19 per share. January 15 Pay cash on accounth payable, $18,500. January 21 provide nervices to cuntosera for canh, $51,100. January 22 Receive eash on accounts receivable, $18,600. January 29 Deelare a eanh dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on Yebruary 15. (Afint Grand Pinale Pireworkn had 20,000 aharen outstanding on Januacy 1, 2024, and dividende are not paid on treasury btock.) January 30 Rese11 800 sharen of treanury stoek for $21 per share. January 31 Pay cash for nalaries during January, \$44,000. 5. Prepare a classified balance sheet as of January 31,2024 . (Amounts to be deducted should be indicated by a minus sign.) 6. Record closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Journal entry worksheet 1 Record the entry to close the dividends account. Note: Enter debits before credits. 7. Analyze the following for Grand Finale Fireworks: 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 fess profitable than other companies 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 $2.40 last year (l.e., an average of $2.40 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. Calculate the retum on equity for the month of January. 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 \$2.40 last year (Le., an average of $2.40 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. If the average return on equity for the industry for January is 2.5%, is the company more or less proftable than other companies in the same industry? Leits prothotion than other corripantos in the some induet'y? 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 $2.40 last year (i.e., an average of $2.40 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. How many shares of common stock are outstanding as of January 31, 2024? 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 $2.40 last year (i.e., an average of $2.40 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. 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 .) 7. Analyze the following for Grand Finale Fireworks: 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 companies 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 $2.40 last year (1.e., an average of $2.40 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. If earnings per share was $2.4 last year (i.e, an average of $2.4 per month), is eamings per share for January 2.024 better or worse than last year's average? thaste for January 2024 bettef of worte than last year's avernge