Journal entry worksheet:

1. Record sale of gift cards totaling $8,200. The cards are redeemable for merchandise within one year of the purchase date.

2. Record purchase of additional inventory on account, $148,000.

3. Record fireworks sales for the first half of the month totaling $136,000. All of these sales are on account.

4. Record the cost of the units sold is $74,300.

5. Record receipt of $125,500 from customers on accounts receivable.

6. Record payment of $91,000 to inventory suppliers on accounts payable.

7. Record write-off of accounts receivable as uncollectible, $4,900.

8. Record fireworks sales for the second half of the month totaling $144,000. Sales include $10,000 for cash and $134,000 on account.

9. Record the cost of the units sold of $80,000.

10. Record payment of cash for monthly salaries, $52,100.

11. 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 $3,400 and a two-year service life. Prepare the adjusting entry for depreciation.

12. The company estimates future uncollectible accounts. The company determines $12,000 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 4% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) Prepare the adjusting entry for uncollectible accounts.

13. Accrued interest expense on notes payable for January. Prepare the adjusting entry for interest.

14. Accrued income taxes at the end of January are $13,100. Prepare the adjusting entry for income tax.

15. By the end of January, $3,100 of the gift cards sold on January 2 have been redeemed. Prepare the adjusting entry for gift cards redeemed.

16. Prepare the closing entry for revenue.

17. Prepare the closing entry for expenses.

I need help creating the general ledger, income statement, balance sheet, and analysis please.

Land On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Credit Cash $ 25, 200 Accounts Receivable 46,400 Allowance for Uncollectible Accounts $ 4,300 Inventory 20, 100 47,000 Feui Equipment 16,000 Accumulated Depreciation 1,600 Accounts Payable 28,600 Notes Payable (68, due April 1, 2022) 51,000 Common Stock 36,000 Retained Earnings 33,200 Totals $154,700 $154,700 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $8,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $148,000. January 15 Firework sales for the first half of the month total $136,000. All of these sales are on account. The cost of the units sold is $74,300. January 23 Receive $125,500 from customers on accounts receivable. January 25 pay $91,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $4,900. January 30 Firework sales for second half of the month total $144,000. Sales include $10,000 for cash and $134,000 on account. The cost of the units sold is $80,000. January 31 Pay cash for monthly salaries, $52,100. 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 $3,400 and a two-year service life. b. The company estimates future uncollectible accounts. The company determines $12,000 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 4% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) c. Accrued interest expense on notes payable for January. d. Accrued income taxes at the end of January are $13,100. e. By the end of January, $3,100 of the gift cards sold on January 2 have been redeemed (ignore cost of goods sold). Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 17 > Record sale of gift cards totaling $8,200. The cards are redeemable for merchandise within one year of the purchase date. Note: Enter debits before credits. Date Account Title Debit Credit Jan 02 Record entry Clear entry View general journal