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I need help filling out the Adjusted Trial Balance and the Income Statement Tables inserted at the end, given the information below. Thank you! On

I need help filling out the Adjusted Trial Balance and the Income Statement Tables inserted at the end, given the information below. Thank you!

On January 1, 2018, the general ledger of Freedom Fireworks includes the following account balances:

Accounts Debit Credit
Cash $ 13,100
Accounts Receivable 37,800
Inventory 153,900
Land 86,300
Buildings 139,000
Allowance for Uncollectible Accounts $ 3,700
Accumulated Depreciation 11,500
Accounts Payable 38,600
Common Stock 219,000
Retained Earnings 157,300

Totals $ 430,100 $ 430,100

During January 2018, the following transactions occur: January 1 Borrow $119,000 from Captive Credit Corporation. The installment note bears interest at 6% annually and matures in 5 years. Payments of $2,170 are required at the end of each month for 60 months. January 4 Receive $32,900 from customers on accounts receivable. January 10 Pay cash on accounts payable, $30,000. January 15 Pay cash for salaries, $30,800. January 30 Firework sales for the month total $210,800. Sales include $66,900 for cash and $143,900 on account. The cost of the units sold is $122,000. January 31 Pay the first monthly installment of $2,170 related to the $119,000 borrowed on January 1. Round your interest calculation to the nearest dollar.

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3. Prepare an adjusted trial balance as of January 31, 2018. Freedom Fireworks Adjusted Trial Balance January 31, 2018 Accounts Debit Credit Sales revenue Cost of Goods Sold Salaries expense Utilities expense Totals

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