Homework Chapter 18 7 0 Part 17 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 Debit $ 26,200 48,400 769 $5,300 21,100 57,00 20, 500 Accounts C Accounts Receivable Aloe or one ollectibe Account Inventory Und Kulment Acculated Depreciation Accounts Payable Nota Payable (due April 2022) Cono Stock Retained Earnings Total 000 2,600 29,600 61,000 46,000 28,700 5123,200 Pynt 3173,200 . B During January 2021 the following transactions occur made are online 530,200. The cards are redeemable for merchandise within one year of the purchase date Onuary Purchasedditional Inventory on account. 5158,000 Suary as acho first half of the month total $14,290. 111 of these sales are on account. The cost of the told 3000 January 25 Receive 5125 ron customers on accounts receivable. Sanuary 25 Pay 510 ta Enventory iers on accounts payable tary faccounts receivable uncollectible, 55,900. January w rework sales for the second half of the month total $154,00. Sales include $17.00 for cash and 5137,000 Account of the units sold is $85.000 ACY Pay Coonthaleries 553.100 3. Prepare an adjusted trial balance as of January 31, 2021. ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Credit Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Totals $ 0 SVE 7 Part 3 of 7 7.69 points 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. Accounts Debit Credit Cash Mecounts Receivable # 26,200 48,400 Allowance for Uncollectible Accounts $3,300 Inventory 21,100 Land 57.000 Equipment 30.500 Memolated Depreciation 2,600 Mounts Payable 29.600 notes Payable (61, due April 1, 2012) 61,000 Common Stok 46,000 Retained Tarning 20.00 5173,200 Totale 517),200 Book . o 1 Hereces During January 2021, the following transactions occur January 2 Sold gift cards totaling $10,200. The carde are redeemable for merchandice within one year or the purchase date January Purchase additional Inventory on account. $155.000 January 15 Firework sales for the first halt of the month total 1146,000.11 of these we are on ccount The cost of the unita sold L. 379,300. January 22 Receive 5126,500 from customers ont receivable January 25 pay $101,000 to inventory suppleren accounts payable. January 20 weite oft accounts receivable ancollectible, 55.900 January 10 Firework sales for the second halt of the month total $150.000. Balee ilude 517,000 for wash and $137.000 scout. The cost of the units old in 183,000. January 31 tay cash for monthly salaries, $53.100. 3. Prepare an adjusted trial balance as of January 31, 2021. 7 ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Credit Cash . bok rint Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings prences Totals $ 0 $ 0 Homework Chapter 18 7 0 Part 17 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 Debit $ 26,200 48,400 769 $5,300 21,100 57,00 20, 500 Accounts C Accounts Receivable Aloe or one ollectibe Account Inventory Und Kulment Acculated Depreciation Accounts Payable Nota Payable (due April 2022) Cono Stock Retained Earnings Total 000 2,600 29,600 61,000 46,000 28,700 5123,200 Pynt 3173,200 . B During January 2021 the following transactions occur made are online 530,200. The cards are redeemable for merchandise within one year of the purchase date Onuary Purchasedditional Inventory on account. 5158,000 Suary as acho first half of the month total $14,290. 111 of these sales are on account. The cost of the told 3000 January 25 Receive 5125 ron customers on accounts receivable. Sanuary 25 Pay 510 ta Enventory iers on accounts payable tary faccounts receivable uncollectible, 55,900. January w rework sales for the second half of the month total $154,00. Sales include $17.00 for cash and 5137,000 Account of the units sold is $85.000 ACY Pay Coonthaleries 553.100 3. Prepare an adjusted trial balance as of January 31, 2021. ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Credit Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Totals $ 0 SVE 7 Part 3 of 7 7.69 points 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. Accounts Debit Credit Cash Mecounts Receivable # 26,200 48,400 Allowance for Uncollectible Accounts $3,300 Inventory 21,100 Land 57.000 Equipment 30.500 Memolated Depreciation 2,600 Mounts Payable 29.600 notes Payable (61, due April 1, 2012) 61,000 Common Stok 46,000 Retained Tarning 20.00 5173,200 Totale 517),200 Book . o 1 Hereces During January 2021, the following transactions occur January 2 Sold gift cards totaling $10,200. The carde are redeemable for merchandice within one year or the purchase date January Purchase additional Inventory on account. $155.000 January 15 Firework sales for the first halt of the month total 1146,000.11 of these we are on ccount The cost of the unita sold L. 379,300. January 22 Receive 5126,500 from customers ont receivable January 25 pay $101,000 to inventory suppleren accounts payable. January 20 weite oft accounts receivable ancollectible, 55.900 January 10 Firework sales for the second halt of the month total $150.000. Balee ilude 517,000 for wash and $137.000 scout. The cost of the units old in 183,000. January 31 tay cash for monthly salaries, $53.100. 3. Prepare an adjusted trial balance as of January 31, 2021. 7 ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Credit Cash . bok rint Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings prences Totals $ 0 $ 0