Question: Please help with homework! Required info provided & will give thumbs up! On January 1, 2024, the general ledger of Grand Finale Fireworks includes the


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 2,100 shares of $1 par value conmon stock for $42,000. January 9 Provide services to custoeers on account, $16,300. January 18 Purchase additional supplies on account, $5,800, January 12 Purchase 1,200 shares of treasury stock for $22 per share. January 15. Pay cash on accounts payable, $17,490. January 21 Provide services to custoners for cash, $50,009. January 22 Receive cash on accounts recelvable, $17,500. January 29 Declare a cash dividend of $0.40 per share to al1 shares outstanding on January 29 . The dividend is payable on February 15. (Hint; Grand Finale Fireworks had 19, Beo shares outstanding on January 1, 2024, and dividends are not paid on treasury stock.) January 3a Resel1, 7ee shares of treasury stock for $24 per share: January 31 Pay cash for salaries during January, $42,900. Required 1. Record each of the transactions listed above (If no entry is required for a transoction/event, select "No Journal Entry Required" in the first occount field.) 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 additiona1 2,100 shares of $1 par value connon stock for $42,000. January 9 provide services to custobers on account, $16,306. January 10 Purchase additional supplies on account, $5,800. January 12 Purchase 1,200 shares of treasury stock for $22 per share. 3 anuary 15 Pay cash on accounts payable, $17,400. Janvary 21 Provide services to customens for cash, $50,000. January 22 Receive cash on accounts recelvable, \$17,500. January 29 Declare a cash dividend of 50.40 per share to a shares outstanding on banuary 29.7 . The dividend is payable on February 15, (Hint: Grand Finale Fireworks had 19,000 shares outstanding on Panuary 1, 2ez4, and dividends are not paid on treasury stock.) January 30 kiesell 700 shares of treasury stock for $24 per share. January 31 Pay cash for salaries during penuary. 342,900 . a. Unpald utilities for the month of January are $7,100 b. Supplies at the end of January total $5.000 c. Depreciation on the equipment for the month of January is calculated using the straightine mathod. At the time the equipment was purchased, the company estimated a service life of three years and a residual yalue of $10.900 d. Accrued income taxes at the end of January are $2.000 2. Record the adjusting entries on January 31.2024 for the above transactions (if no entry is required for a tronsoction/ovent, select "No journal entry required" in the first account field.)
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