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[The following information applies to the questions displayed below.] Bekholders' equity transactions (LO10-2, 10- On January 1, 2024, the general ledger of Grand Finale Fireworks

[The following information applies to the questions displayed below.] Bekholders' equity transactions (LO10-2, 10- On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable. Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value. Additional Paid-in Capital Retained Earnings Totals Debit $ 43,500 46,100 Credit 8,300 72,000 $9,800 15,400 18,000 88,000 38,700 $169,900 $169,900 During January 2024, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $16,800. January 10 Purchase additional supplies on account, $5,700. January 12 Purchase 1,100 shares of treasury stock for $21 per share. January 15 Pay cash on accounts payable, $17,300. January 21 Provide services to customers for cash, $49,900. January 22 Receive cash on accounts receivable, $17,400. January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 18,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 900 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $42,800. View transaction list View journal entry worksheet EX 2 3 value common stock for $40,000. Record the services provided to customers on account, $16,800. Record purchase of additional supplies on account, $5,700. Record purchase of 1,100 shares of treasury stock for $21 per share. 5 Record payment of cash on accounts payable, $17,300. 6 Record the services provided to customers for cash, $49,900. Note: = = journal entry has been entered entry worksheet EX 7 Record the receipt of cash on accounts receivable, $17,400. 8 Record the declaration of a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 18,000 shares outstanding on January 1, 2024 and dividents are not paid on treasury stock.) 9 Record the resale of 900 shares of treasury stock for $23 per share.. 10 Record the payment of cash for salaries during January, $42,800. Note: = journal entry has been entered

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