c. The company has accrued interest on notes payable for January. d. The company has accrued income taxes at the end of January of $14,600. e. By the end of January, $4,600 of the gitt cards sold on January 2 have been redeemed (ignore cost of goods sold). Prepare the journal entries for transactions: (If no entry is required for a particular transaction/event, select "No Joumal Entiy Required in the first account field.) On January 1, 2024, the general Jedger of ACME Fireworks includes the following account balances: During Japuary 2024, the following transactions occur: January 2 Sold gift cards totaling \$11,26e. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additionat inventory on account, $163,000. ACME uses the perpetual inventory systen. January 15 firework sales for the iirst hatf of the nonth total 5151 , 000. All of these sates are on account. The cost of the units sold is $81,800. January 23 Receive $127,000 fros custotters on accounts receivable. January 25 pay $106,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,408. January 30 Firevork sales for the second half of the month total $159,000. Sales include $13,000 for cash and $146,000 January 31 Pay cash for monthly sataries, $53,6ee. The following information is available on January 31 . a. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $5,000 and a two-year service life. b. The company records an adjusting entry for $16,140 for estimated future uncollectible accounts. c. The company has accrued interest on notes payable for January. d. The company has accrued income takes at the end of January of $14,600. e. By the end of January, $4,600 of the gift cards sold on January 2 have been redeemed (ignore cost of goods sold)