Exercise 10-17A Complete the accounting cycle using stockholders' equity transactions (LO10-2, 10-4, 10-5, 10-8) (GL) 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 Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 44,300 47,700 9, 100 80, eee $ 19,600 16,200 16, Bee 96,00 42,300 $181,100 $ 181,199 During January 2021, the following transactions occur January 2 Issue an additional 2, eee shares of $1 par value common stock for $40,988. January 9 Provide services to customers on account, $18,8ee. January 10 Purchase additional supplies on account, $6,508. January 12 Purchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $18,180. January 21 Provide services to customers for cash, $50,700. January 22 Receive cash on accounts receivable, $18, 209. January 29 Declare a cash dividend of $0.20 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 16,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Resell 700 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $43,680. The following information is available on January 31, 2021. a. Unpaid utilities for the month of January are $7.800. b. Supplies at the end of January total $6,700. 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 $11.600. (Hint: Start with the cost of the Equipment shown at the top.) d. Accrued income taxes at the end of January are $2,700. Journal entry worksheet