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what is the retained earnings if its not 42,900? these are the adjusted entries so what would the retained earnings be? Journal entry worksheet Record
what is the retained earnings if its not 42,900?
these are the adjusted entries so what would the retained earnings be?
Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. Required informetion [The following information applies to the questions displayod below] On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following occount balances: During January 2024 , the following vansactions occur January 2- Issue an additional 2,109 shares of $1 par value coman stock for $42,600. January 9 Provide services to customers on acceunt, $16,300. January 16 Rurchase additional supplies on account, 55,809. January 12 Purchase 1,200 shares of treasury stock for 522 per share. January 15 Poy cash on accounts, payablit, 517,400. lanuary 21 Provide services to custoners for cash, 559,099, Jonuary 22 lecelve cash on accoants recelvable, 517,500 . Jahuary 29 oectare a cash dividend of se.49 per share to all shares outstanding on Janubry 29. The dividend is payable on February 15. (Hintz Grand Finale Fireworks had 19, eeo sheres outstanding on jancary 1, 2024, and dividends are not pald on treasury stock.) January 30 Resel1. 790 shares of treasury stock for $24 per share. GRAND FINALE FIREWORKS Adjusted Trial Balance January 31,2024 Step by Step Solution
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