On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Debit Credit $4

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On January 1 2018 The General Ledger Of Grand Finale Fireworks Includes The Following Account Balances Debit Credit 4 1 (37.7 KiB) Viewed 9 times

On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Debit Credit $44.300 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock $1 par value Additional Paid in Capital Retained Earnings Totals January 29 January 30 During January 2018 the following bansactions occu January 2 Issue an additional 2000 shares of 51 par value common stock for $40.000 January 9 Provide services to customers on account, $800 January 10 Purchase additional supplies on account $6.500 January 12lepurchase 100 shares of seasury stock for $9 per share January 15Pay cash on accounts payable $100 January 21Provide services to customers for cash $50.700 nary Receive cash on accounts receivable $1.200 22 Declare a cash dividend of $0.20 per share to all shares oublanding o January 29 The dividend is payable on February 15 47700 9100 80.000 pet Grand Finale Fireworks had 16.000 shares outstanding on January t 2018 and dividends are not paid on treasury stock) 700 shares of treasury stock for $21 per share 1 16.000 96.000 42.300 $181100 $181100 January 31Pay cash for salaries during January $41500 The following information is available on January 31, 2018 Unpaid uses for the month of January are $7800 Supples at the end of January to $600 Deprecation on the equipment for the month of January is calculated using the right line method At the the the nument wa pathased the company estimated a service ide of the years and a residual value of $1,000 a Accrued income taxes at the end of January are $2.700 $10.600 16.200 Journal entry worksheet 2 Date Jan 02 3 Record entry Note: Enter debits before credits Issue an additional 2,000 shares of $1 par value common stock for $40,000. 5 Account Title Clear entry **** 17 Debit Credit View general journal