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This is all the information im given. On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January

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This is all the information im given.
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, 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, $14,300. January 10 Purchase additional supplies on account, $4,900. January 12 purchase 1,000 shares of treasury stock for $18 per shard. January 15 Pay cash on accounts payable, $16,500. January 21 Provide services to customers for cash, $49,100. January 22 Receive cash on accounts receivable, $16,600. January 29 Declare a cash dividend of \$0.30 per share to al1 shares outstanding on January 29, The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resel1 600 shares of treasury stock for $20 per share. Jantary 31 Pay cash for malaries during January, $42,000. 5. Prepare a classified balance sheet as of January 31,2021 . (Amounts to be deducted should be indicated by a minus sign.) 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? More profitable Less profitable b. How many shares of common stock are outstanding as of January 31, 2021? 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 $0.30 per month), is earnings per share for January 2021 better or worse than last year's average? Better Worse On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2021, 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, $14,300. January 10 Purchase additional supplies on account, $4,900. January 12 purchase 1,000 shares of treasury stock for $18 per shard. January 15 Pay cash on accounts payable, $16,500. January 21 Provide services to customers for cash, $49,100. January 22 Receive cash on accounts receivable, $16,600. January 29 Declare a cash dividend of \$0.30 per share to al1 shares outstanding on January 29, The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resel1 600 shares of treasury stock for $20 per share. Jantary 31 Pay cash for malaries during January, $42,000. 5. Prepare a classified balance sheet as of January 31,2021 . (Amounts to be deducted should be indicated by a minus sign.) 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? More profitable Less profitable b. How many shares of common stock are outstanding as of January 31, 2021? 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 $0.30 per month), is earnings per share for January 2021 better or worse than last year's average? Better Worse

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