on january 1, 2024, the general ledger of grand finale fireworks includes the following account balances: accounts debit credit cash $43,600 accounts receivable 46,300 supplies 8,400 equipment 73,000 accumulated depreciation $9,900 accounts payable 15,500 common stock, $1 par value 19,000 additional paid-in capital 89,000 retained earnings 37,900 totals $171,300 $171,300 during january 2024, the following transactions occur: january 2 issue an additional 2,100 shares of $1 par value common stock for $42,000. january 9 provide services to customers on account, $16,300. january 10 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, $17,400. january 21 provide services to customers for cash, $50,000. january 22 receive cash on accounts receivable, $17,500. 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: grand finale fireworks had 19,000 shares outstanding on january 1, 2024, and dividends are not paid on treasury stock.) january 30 resell 700 shares of treasury stock for $24 per share. january 31 pay cash for salaries during january, $42,900.
