During January 2018, the following transactions occur: January 2. Sold gift cards totaling $9,600. The cards are redeemable for merchandise within one year of the purchase date. January 6. Purchase additional inventory on account, $155,000. January 15. Firework sales for the first half of the month total $143,000. All of these sales are on account. The cost of the units sold is $77,800. January 23. Receive $126,200 from customers on accounts receivable. January 25. Pay $98,000 to inventory suppliers on accounts payable. January 28. Write off accounts receivable as uncollectible, $5,600. January 30. Firework sales for the second half of the month total $151,000. Sales include $14,000 for cash and $137,000 on account. The cost of the units sold is $83,500. January 31. Pay cash for monthly salaries, $52,800.

1. 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 $4,600 and a two-year service life. 2. The company estimates future uncollectible accounts. The company determines $19,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) 3. Accrued interest expense on notes payable for January. 4. Accrued income taxes at the end of January are $13,800. 5. By the end of January, $3,800 of the gift cards sold on January 2 have been redeemed.

2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

What is the missing closing entries. The program said that item 1 is correct, but in closing the expenses, it says that some items are missing. My previous adjusting entry was labeled complete and correct so I am unsure of what other "expenses" are present that could be rolled into Retained Earnings for the problem. Any help?