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4 Required information [The following information applies to the questions displayed below] On January 1, 2024, the general ledger of ACME Fireworks includes the following
4 Required information [The following information applies to the questions displayed below] On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Sold gift cards totaling $11,800. The cards are redeemable for merchandise within one year of the purchase date. January 6 purchase additional inventory on account, $166,000. ACME uses the perpetual inventory system. January 15. Firework sales for the first half of the month total $154,000. A11 of these wales are on account. The cost of the units sold is $83,300. January 23 Receive $127,300 from customers on accounts recelvable. January 25 pay $109,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,700. January 30 Firework sales for the second half of the month total $162,000. 5ales include $10,000 for canh and $152,000 on account. The cont of the unito sold is $89,000. January 31 pay cash for month 2y salaries, $3,900. Journal entry worksheet 2 56 7 8 9 Record sale of gift cards totaling $11,800. The cards are redeemable for merchandise within one year of the purchase date. Note: Enter debits before credits. Journal entry worksheet 345678 Record purchase of additional inventory on account, $166,000. Note: Enter debits before credits. Journal entry worksheet Record firework sales for the first half of the month totaling $154,000. All of these sales are on account. Note: Enter debits before credits. Journal entry worksheet Firework sales for the first half of the month total $154,000. The cost of the units sold is $83,300. Record the cost of the units sold. Note: Enter debits before credits. Journal entry worksheet
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