Cash | $ | 44,200 | ||||
Accounts Receivable | 47,500 | |||||
Supplies | 9,000 | |||||
Equipment | 79,000 | |||||
Accumulated Depreciation | $ | 10,500 | ||||
Accounts Payable | 16,100 | |||||
Common Stock, $1 par value | 15,000 | |||||
Additional Paid-in Capital | 95,000 | |||||
Retained Earnings | 43,100 | |||||
Totals | $ | 179,700 | $ | 179,700 |
During January 2021, the following transactions occur:
January | 2 | Issue an additional 2,200 shares of $1 par value common stock for $44,000. | ||
January | 9 | Provide services to customers on account, $18,300. | ||
January | 10 | Purchase additional supplies on account, $6,400. | ||
January | 12 | Purchase 1,000 shares of treasury stock for $22 per share. | ||
January | 15 | Pay cash on accounts payable, $18,000. | ||
January | 21 | Provide services to customers for cash, $50,600. | ||
January | 22 | Receive cash on accounts receivable, $18,100. | ||
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 15,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) | ||
January | 30 | Resell 900 shares of treasury stock for $24 per share. | ||
January | 31 | Pay cash for salaries during January, $43,500. |
The following information is available on January 31, 2021.
Cash $ 44,200 Accounts Receivable 47,500 Supplies 9,000 Equipment 79,000 Accumulated Depreciation $ 10,500 Accounts Payable...
Record closing entry for REVENUE, Expenses and Dividends Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, S1 par value Additional Paid-in Capital Retained Earnings Totals S 44,200 47,500 9,000 79,000 S 10,500 16,100 15,000 95,000 43.100 $179,700 $179,700 During January 2021, the following transactions occur: January 2 Issue an additional 2,200 shares of S1 par value common stock for $44,000. January 9 Provide services to customers on account, $18,300. January 10 Purchase additional supplies on account, $6,400....
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 44,200 Accounts Receivable 47,500 Supplies 9,000 Equipment 79,000 Accumulated Depreciation $ 10,500 Accounts Payable 16,100 Common Stock, $1 par value 15,000 Additional Paid-in Capital 95,000 Retained Earnings 43,100 Totals $ 179,700 $ 179,700 During January 2021, the following transactions occur: January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 44,200 Accounts Receivable 47,500 Supplies 9,000 Equipment 79,000 Accumulated Depreciation $ 10,500 Accounts Payable 16,100 Common Stock, $1 par value 15,000 Additional Paid-in Capital 95,000 Retained Earnings 43,100 Totals $ 179,700 $ 179,700 During January 2021, the following transactions occur: January 2 Issue an additional 2,200 shares of $1 par value common stock for $44,000. January 9 Provide services...
I only need help with the transaction on January 29, thanks. On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Credit Debit $ 43,100 45,300 7,900 68,000 Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals $ 9,400 15,000 14,000 84,000 41,900 $164,300 $164,300 During January 2021, the following transactions occur: January 2 Issue an additional 2,100 shares of $1 par...
Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 44,500 Accounts Receivable 48,100 Supplies 9,300 Equipment 82,000 Accumulated Depreciation $ 10,800 Accounts Payable 16,400 Common Stock, $1 par value 18,000 Additional Paid-in Capital 98,000 Retained Earnings 40,700 Totals $ 183,900 $ 183,900 During January 2021, the following transactions occur: January 2 Issue an additional 2,000 shares of...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 42,800 Accounts Receivable 44,700 Supplies 7,600 Equipment 65,000 Accumulated Depreciation $ 9,100 Accounts Payable 14,700 Common Stock, $1 par value 11,000 Additional Paid-in Capital 81,000 Retained Earnings 44,300 Totals $ 160,100 $ 160,100 During January 2021, 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...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 42,700 Accounts Receivable 44,500 Supplies 7,500 Equipment 64,000 Accumulated Depreciation $ 9,000 Accounts Payable 14,600 Common Stock, $1 par value 10,000 Additional Paid-in Capital 80,000 Retained Earnings 45,100 Totals $ 158,700 $ 158,700 During January 2021, 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...
On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 43,500 46,100 8,300 72,000 $ 9,800 15,400 18,000 88,000 38,700 $169,900 $169,900 During January 2021, 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 January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Additional Paid-in Capital Retained Earnings Totals Debit Credit $ 43,500 46,100 8,300 72,000 $ 9,800 15,400 18,000 88,000 38,700 $169,900 $169,900 During January 2021, 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 January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Debit Credit Cash $ 43,800 Accounts Receivable 46,700 Supplies 8,600 Equipment 75,000 Accumulated Depreciation $ 10,100 Accounts Payable 15,700 Common Stock, $1 par value 11,000 Additional Paid-in Capital 91,000 Retained Earnings 46,300 Totals $ 174,100 $ 174,100 During January 2021, 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...