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[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:

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[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 Coumon Stock, 51 par value Additional Paid in Capital Retained Earnings Total Debit Credit $ 44,482 47,900 9,280 81,000 $ 10,700 16,380 17,000 97.000 41,500 $182,500 $182,500 During January 2021, the following transactions occur January 2 Issue an additional 2,100 shares of 51 par value conmon stock for $42.ee January 9 Provide services to customers on account, 319,300 January 1e Purchase additional supplies on account, $6,660 January 12 Purchase 1,200 shares of treasury stock for $28 per share. January 15 Pay cash on accounts payable, $18.200 January 21 Provide services to customers for cash, 350,00 January 22 Receive cash on accounts receivable 518,300 January 29 Declare a cash dividend of $0.20 per Share to 11 share outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 17.00 Xhares outstanding on January 17 2021, and dividends are not paid on treasury stock) January 3e Rese 11 shares of treasury stock for $22 per share January 31 Pay cath forslaries during aanuary 543,00 a. Unpad utilities for the month of January are $7.900. b. Supplies at the end of January total $6.800 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 $11,700, d. Accrued Income taxes at the end of January are $2,800 2. Record the adjusting entries on January 31, 2021 for the above transactions (if no entry is required for a transaction/event, select "No journal entry regulred" in the first account field)

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