Question: Hello! I really need help with closing the January 31 closing revenue account Please!! Could you also help me with preparing an income statement? Thank

 Hello! I really need help with closing the January 31 closingrevenue account Please!! Could you also help me with preparing an incomestatement? Thank you again! On January 1, 2024, the general ledger ofGrand Finale Fireworks includes the following account balances: During January 2024 ,the following transactions occur: January 2 Issue an additional 2,000 shares of

Hello! I really need help with closing the January 31 closing revenue account Please!!

$1 par value common stock for $40,000. January 9 Provide services to

Could you also help me with preparing an income statement?

Thank you again!

On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2024 , 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, $16,700. January 10 Purchase additional supplies on account, $6,000. January 12 Purchase 1,300 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $17,600. January 21 Provide services to customers for cash, $50,200. January 22 Receive cash on accounts receivable, $17,700. January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29 . The dividend is payable on 15. (Hint: Grand Finale Fireworks had 11,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $43,100. The following information is available on January 31,2024. a. Unpaid utilities for the month of January are $7,300. b. Supplies at the end of January total $6,200. c. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11,100. d. Accrued income taxes at the end of January are $2,200. Prepare a multiple-step income statement tor the period ended January 31,2024 . Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. On January 1, 2024, the general ledger of Grand Finale Fireworks includes the following account balances: During January 2024 , 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, $16,700. January 10 Purchase additional supplies on account, $6,000. January 12 Purchase 1,300 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $17,600. January 21 Provide services to customers for cash, $50,200. January 22 Receive cash on accounts receivable, $17,700. January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29 . The dividend is payable on 15. (Hint: Grand Finale Fireworks had 11,000 shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 30 Resell 800 shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $43,100. The following information is available on January 31,2024. a. Unpaid utilities for the month of January are $7,300. b. Supplies at the end of January total $6,200. c. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11,100. d. Accrued income taxes at the end of January are $2,200. Prepare a multiple-step income statement tor the period ended January 31,2024 . Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection

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