On January $1,2024,$ the general ledger of Freedom Fireworks includes the following account balances:On January $1,2024,$ the general ledger of Freedom Fireworks includes the following account balances:

During January $2024,$ the following transactions occur:

The following information is available on January $31,2024.$

Unpaid utilities for the month of January are $$6,200.$

Supplies at the end of January total $$5,100.$

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 $$10,000.$

Accrued income taxes at the end of January are $$2,000.$

During January $2024,$ the following transactions occur:

The following information is available on January $31,2024.$

Unpaid utilities for the month of January are $$6,200.$

Supplies at the end of January total $$5,100.$

Depreciation on the eduinment for the month of Januarv is calculated usina the straiaht$-$line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $$10,000.$

Accrued income taxes at the end of January are $$2,000.$Record the following journal entries given the information in the image. $1-16.1$Issue an additional $2,000$ shares of $$1$ par value common stock for $$40,000.$

$2$Provide services to customers on account, $$14,300.$

$3$Purchase additional supplies on account, $$4,900.$

$4$Repurchase $1,000$ shares of treasury stock for $$18$ per share.

$5$Pay cash on accounts payable, $$16,500.$

$6$Provide services to customers for cash, $$49,100.$

$7$Receive cash on accounts receivable, $$16,600.$

$8$Declare a cash dividend of $$0\mathrm{.}30$ per share to all shares outstanding on January $29.$ The dividend is payable on February $15.($Hint: Freedom Fireworks had $10,000$ shares outstanding on January $1,2024,$ and dividends are not paid on treasury stock.$)$

$9$Reissue $600$ shares of treasury stock for $$20$ per share.

$10$Pay cash for salaries during January, $$42,000.$

$11$Record the adjusting entry for utilities.

$12$Record the adjusting entry for supplies.

$13$Record the adjusting entry for depreciation.

$14$Record the adjusting entry for income tax.

$15$Record the closing entry for revenue.

$16$Record the closing entry for expenses.