Question: Please i need the general jorunal, income statement, balance sheet and analysis. Thank you so much On January 1, 2018, the general ledger of Grand
Please i need the general jorunal, income statement, balance sheet and analysis. Thank you so much
On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances: Debit Credit Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Eamings S 44,100 47,300 8,900 78,000 $ 10,400 16,000 14,000 94,000 43,900 Totals $178,300 $178,300 During January 2018, 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, $18,200. January 10 Purchase additional supplies on account, $6,300 January 12 Repurchase 1,100 shares of treasury stock for $21 per share January 15 Pay cash on accounts payable, $17,900 January 21 Provide services to customers for cash, $50,500 January 22 Receive cash on accounts receivable, $18,000. January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15 (Hint: Grand Finale Fireworks had 14,000 shares outstanding on January 1, 2018 and dividends are not paid on treasury stock.) January 30 Reissue 800 shares of treasury stock for $23 per share. January 31 Pay cash for salaries during January, $43,400. The following information is available on January 31, 2018. a. Unpaid utilities for the month of January are $7,600 Supplies at the end of January total $6,500. 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 $11,400 d. Accrued income taxes at the end of January are $2,500
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