$($L$010-2,10-4,10-5,10-8)($GL$)$

On January $1,2024,$ the general ledger of Grand Finale Fireworks Includes the following account balances:

During January $2024,$ the following transactions occur:

The following information Is avallable on January $31,2024.$

a$.$ Unpald utilities for the month of January are $$6,500.$

b$.$ Supplies at the end of January total $$5,400.$

c$.$ Depreclation on the equipment for the month of January is calculated using the straight$-$IIne method. At the time the

equipment was purchased, the company estimated a service life of three years and a residual value of $$10,300.$

d$.$ Accrued income taxes at the end of January are $$2,300.$Required information Exercise $10-20($Algo$)$ Complete the accounting cycle using stockholders' equity transactions $($LO$10-2,10.4,10-5,10-8)$ The following information applies to the questions displayed below$]$ On January $1,2024,$ the general ledget of Grand Finale Fireworks includes the following account balances: During January $2024,$ the following transactions occur: Jwhuary $2$ Issue an acditianal $\backslash (2,26$ e $\backslash )$ shares of $\backslash (\backslash$$ $1\backslash )$ par walue conton stock for s$44,$ eee. January o Provide services to custoners an account, $\backslash (\backslash$$ $18\backslash ),30$et$,$ Jahuary $10$ Purchase additional supplies on account, $\backslash (\backslash$$ $6,400\backslash ).$ Jasuary $12$ Purchase $1,000$ thares of treasury stock for $\backslash (\backslash$$ $22\backslash )$ per share. January $15$ Bay cash on accounts payable, $\backslash (118,089\backslash ).$ January $21$ Provide services to custoeers for cash, $450,6$ed$.$ January $22$ fecelve cash on accounts recelvable, $\backslash$$$18,100.$ January $29$ Declare a cash dividend of se$.30$ per share to all shares outstanding on January $29.$ The aividend is pwyable on Vebruary $15.($wint: Grand finale Firtworks had $15,$ eee ahares outstanding on January $1,2024,$ and dividends are not paid on treasury stock.$)$ fenuary se fate$1)900$ shares of treesury steck for $124$ per share. $3$emuery i$1$ Pay cash fo

$1.$

Record each of the transactions listed above in the 'General Journal' tab $($these are shown as items $1$ to $10).$ Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances.

$2.$

Record adjusting entries on January $31.$ in the 'General Journal' tab $($these are shown as items $11$ to $14).$

$3.$

Review the adjusted 'Trial Balance' as of January $31,2024,$ in the 'Trial Balance' tab.

$4.$

Prepare a multiple$-$step income statement for the period ended January $31,2024,$ in the 'Income Statement' tab.

$5.$

Prepare a classified balance sheet as of January $31,2024,$ in the 'Balance Sheet' tab.

$6.$

Record the closing entries in the 'General Journal' tab $($these are shown as items $15$ to $17).$

$7.$

Using the information from the requirements above, complete the 'Analysis' tab.