8 Part 4 of 7 Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit 7.69 points Debit $ 26,200 48,400 $ 5,300 Skipped Account Canh Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6, due April 1, 2022) Common Stock Retained Earning Totale 21,100 57,000 20,500 eBook 2,600 29,600 61,000 46,000 28.700 $173,200 $173,200 Print References During January 2021, the following transactions occur January 2 Bold gift cards totaling $10,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account. 5158,000. January 15 Firework malou for the first half of the month total $146,000. All of these sales are on account. The cost of the units sold in 579.300. January 23 Receive 126,500 from customers on accounts receivable. January 25 Pay 6101,000 to inventory suppliers on accounts payable. January 28 Write of accounts receivable as uncollectible, 85,900. January 30 Virework sales for the second half of the month total 1154,000. sales include 31.000 for cash and $137,000 on account. The cost of the units sold la 385,000. January 31 Pay cash for monthly salaries, $53, 100. 4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 $ 0 Total operating expenses 0 0 0 0 8 at 4 of 7 Required information [The following information applies to the questions displayed below) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances 69 oints Credit Debit $ 26,200 48.400 55,300 Skipped Accounts Cash Accounts Receivable Allowance for Uncollectible Accounta Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (61, due April 1, 2022) Common stock Retained Earnings Totals 21,100 57,000 20,500 Book 2.600 29,600 62,000 46,000 28,700 $173,200 $173,200 Print References During January 2021, the following transactions occur. January 2 sold gift cards totaling $10,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $158.000. January 15 Firework sales for the first halt of the month total $146,000. All of these sales are on account. The cost of the units sold is $79,300. January 23 Receive $126,500 from customers on accounts receivable. January 25 pay $101.000 to Inventory suppliers on accounts payable. January 28 Write oft accounts receivable as uncollectible, $5,900. January 30 Pirework sales for the second half of the month total $154,000. Sales include $17,000 for cash and 5137,000 on account. The cost of the units sold is $85,000. January 31 Pay cash for monthly salaries, 553, 100. 4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 $ 0 0 Total operating expenses 0 $ 0 8 Part 4 of 7 Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit 7.69 points Debit $ 26,200 48,400 $ 5,300 Skipped Account Canh Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6, due April 1, 2022) Common Stock Retained Earning Totale 21,100 57,000 20,500 eBook 2,600 29,600 61,000 46,000 28.700 $173,200 $173,200 Print References During January 2021, the following transactions occur January 2 Bold gift cards totaling $10,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account. 5158,000. January 15 Firework malou for the first half of the month total $146,000. All of these sales are on account. The cost of the units sold in 579.300. January 23 Receive 126,500 from customers on accounts receivable. January 25 Pay 6101,000 to inventory suppliers on accounts payable. January 28 Write of accounts receivable as uncollectible, 85,900. January 30 Virework sales for the second half of the month total 1154,000. sales include 31.000 for cash and $137,000 on account. The cost of the units sold la 385,000. January 31 Pay cash for monthly salaries, $53, 100. 4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 $ 0 Total operating expenses 0 0 0 0 8 at 4 of 7 Required information [The following information applies to the questions displayed below) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances 69 oints Credit Debit $ 26,200 48.400 55,300 Skipped Accounts Cash Accounts Receivable Allowance for Uncollectible Accounta Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (61, due April 1, 2022) Common stock Retained Earnings Totals 21,100 57,000 20,500 Book 2.600 29,600 62,000 46,000 28,700 $173,200 $173,200 Print References During January 2021, the following transactions occur. January 2 sold gift cards totaling $10,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $158.000. January 15 Firework sales for the first halt of the month total $146,000. All of these sales are on account. The cost of the units sold is $79,300. January 23 Receive $126,500 from customers on accounts receivable. January 25 pay $101.000 to Inventory suppliers on accounts payable. January 28 Write oft accounts receivable as uncollectible, $5,900. January 30 Pirework sales for the second half of the month total $154,000. Sales include $17,000 for cash and 5137,000 on account. The cost of the units sold is $85,000. January 31 Pay cash for monthly salaries, 553, 100. 4. Prepare a multiple-step income statement for the period ended January 31, 2021. ACME FIREWORKS Income Statement For the year ended January 31, 2021 $ 0 0 Total operating expenses 0 $ 0