9 Required Information The following information applies to the questions displayed below) On January 2021, the general ledger of ACME Fireworks includes the following account balances Dants of Credit 769 point Dab 52,200 4,40 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equint Atted Dworeciation Accounts Payable Notes vabi, de Aoril 3, 2011) Connie State Med Earnings Total 21.10 17. 20. sem 30 49, ode Doch 2. $120 1171, Pri Hefence During January 2021, the following transactions occur January 2 Salt gift cards totaling $10,200 the cards are able for marchand with chase dara January Purchase action intory on account. 3358,00 January 3 Vor the the month total 5146,800. All of these account the of the its sold is $9.1. January 2 20.50 for customers on count cele January 25 Pay Seas to investay uppliers on accounts payable January as write office receive collectible. $5,00 January Firework sales for the second half of the month total $154, Sales include 312,00 For and 51.00 on account the cost of the units sold i SNS, January Pay cash for the salaries, 353,1 5. Prepare a classified balance sheet as of January 31, 2021 (Enter the Asset Accounts in order of liquidity. Amounts to be deducted should be indicated with a minus sign) 5. Prepare a classified balance sheet as of January 31, 2021. (Enter the Asset Accounts in order of liquidity, Amounts to be deducted should be indicated with a minus sign.) ACME FIREWORKS Classified Balance Sheet January 31, 2021 Assets Liabilities Less Allowance for Uncleotiple Accounts Total Current Assets 0 Total Current Liabilities 0 0 Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabies and Stockholders' Equity 0 5 5 Total Assets O Saved 9 Part 5 of 7 Account Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (64, due April 1, 2022) Common Stock Retained Earnings Totals Debit Credit $ 26,200 48.400 $ 5,300 21,100 57,000 20,500 2,600 29,600 61,000 46,000 26.700 $173,200 $173,200 7.69 points Sapped During January 2021, the following transactions occur. eBook Print 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 half 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 $102,000 to inventory suppliers on accounts payable January 28 Write oft accounts receivable as uncollectible, 55,900. January 30 Pirework sales for the second half of the month total $156,000. Solos inelude $27,000 for cash and $137,000 on account. The cost of the units sold is $85,000. January 31 Pay cash for monthly salaries, 353,100. References 5. Prepare a classified balance sheet as of January 31, 2021. (Enter the Asset Accounts in order of liquidity. Amounts to be deducted should be indicated with a minus sign) ACME FIREWORKS Classified Balance Sheet January 31, 2021 Assets Liabilities Mc Graw HI Required information ACME FIREWORKS Classified Balance Sheet January 31, 2021 Assets Liabilities Less: Allowance for Uncollectible Accounts 0 0 Total Current Assets 0 Total Current Liabilities 0 Total Liabilities Stockholders' Equity + Total Stockholders' Equity Total Liablities and Stockholders' Equity 0 0 $ $ 0 Total Assets 9 Required Information The following information applies to the questions displayed below) On January 2021, the general ledger of ACME Fireworks includes the following account balances Dants of Credit 769 point Dab 52,200 4,40 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equint Atted Dworeciation Accounts Payable Notes vabi, de Aoril 3, 2011) Connie State Med Earnings Total 21.10 17. 20. sem 30 49, ode Doch 2. $120 1171, Pri Hefence During January 2021, the following transactions occur January 2 Salt gift cards totaling $10,200 the cards are able for marchand with chase dara January Purchase action intory on account. 3358,00 January 3 Vor the the month total 5146,800. All of these account the of the its sold is $9.1. January 2 20.50 for customers on count cele January 25 Pay Seas to investay uppliers on accounts payable January as write office receive collectible. $5,00 January Firework sales for the second half of the month total $154, Sales include 312,00 For and 51.00 on account the cost of the units sold i SNS, January Pay cash for the salaries, 353,1 5. Prepare a classified balance sheet as of January 31, 2021 (Enter the Asset Accounts in order of liquidity. Amounts to be deducted should be indicated with a minus sign) 5. Prepare a classified balance sheet as of January 31, 2021. (Enter the Asset Accounts in order of liquidity, Amounts to be deducted should be indicated with a minus sign.) ACME FIREWORKS Classified Balance Sheet January 31, 2021 Assets Liabilities Less Allowance for Uncleotiple Accounts Total Current Assets 0 Total Current Liabilities 0 0 Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabies and Stockholders' Equity 0 5 5 Total Assets O Saved 9 Part 5 of 7 Account Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (64, due April 1, 2022) Common Stock Retained Earnings Totals Debit Credit $ 26,200 48.400 $ 5,300 21,100 57,000 20,500 2,600 29,600 61,000 46,000 26.700 $173,200 $173,200 7.69 points Sapped During January 2021, the following transactions occur. eBook Print 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 half 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 $102,000 to inventory suppliers on accounts payable January 28 Write oft accounts receivable as uncollectible, 55,900. January 30 Pirework sales for the second half of the month total $156,000. Solos inelude $27,000 for cash and $137,000 on account. The cost of the units sold is $85,000. January 31 Pay cash for monthly salaries, 353,100. References 5. Prepare a classified balance sheet as of January 31, 2021. (Enter the Asset Accounts in order of liquidity. Amounts to be deducted should be indicated with a minus sign) ACME FIREWORKS Classified Balance Sheet January 31, 2021 Assets Liabilities Mc Graw HI Required information ACME FIREWORKS Classified Balance Sheet January 31, 2021 Assets Liabilities Less: Allowance for Uncollectible Accounts 0 0 Total Current Assets 0 Total Current Liabilities 0 Total Liabilities Stockholders' Equity + Total Stockholders' Equity Total Liablities and Stockholders' Equity 0 0 $ $ 0 Total Assets