Question: Entries: Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [The following information applies to the questions displayed below.] On

![below.] On January 1, 2021, the general ledger of Grand Finale Fireworks](https://s3.amazonaws.com/si.experts.images/answers/2024/08/66b08a1c722dc_72466b08a1c113d3.jpg)








Exercise 10-17 Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) [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: During January 2021, the following transactions occur: January 2 Issue an additional 2,008 shares of $1 par vatue connon stock for $48,080. January 9 Provide services to custoners on account, $17,909. January 10 Purchase additional supplies on account, $6,200. January 12 Purchase 1,000 shares of treasury stock for $20 per share. January 15 Pay cash on accounts payable, $17,800. January 21 Provide services to custoners for cash, $50,400. January 22 Receive cash on accounts receivable, $17,900. January 29 Declare a cash dividend of $9.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 13, 00e shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 38 Resell 600 shares of treasury stock for $22 per share. January 31 Pay cash for salaries during January, $43,300. Exercise 10-17 Part 1 1. Record each of the transactions listed above, (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record issuance of an additional 2,000 shares of $1 par value common stock for $40,000. Note: Enter debits before crecits. Journal entry worksheet 5678 Record the providing of services to customers on account, $17,900. Note: Enter debits before credits. Journal entry worksheet 7 Record purchase of additional supplies on account, $6,200. Note: Enter debits before credits. Journal entry worksheet
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