Question: Please help with all journal entries listed in the problem as well as all adjusting/closing entries (should be a total of 16 jounral entries). As









On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Issue an additionat 2,600 shares of $1 par value conmon stock for $40,000. January 9 Provide services to custoners on account, $14,060. January 10 Purchase additional supplies on account, $5,000. January 12 Repurchase 1,100 shares of treasury stock for $19 per share. January 15 Pay cash on accounts payable, $16,600. January 21 Provide 5ervices to customers for cash, $49,200. January 22 Receive cash on accounts receivable, 516,7 , 549.2 January 29 Declare a cash dividend of $0,40 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Freedom Fireworks had 11, 0ee shares outstanding on January 1, 2024, and dividends are January 3 a Reissue bee shares of treasury stock for $21 per share. January 31 Pay cash for salaries during January, $42,100. The following information is available on January 31,2024. 1. Unpaid utilities for the month of January are $6,300. 2. Supplies at the end of January total $5,200. 3. 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 $10,100. 4. Acerued income taxes at the end of January are $2,100 Journal entry worksheet
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