my work ! 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 $ 26,700 49,400 $ 5,808 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 21,600 62,000 23,000 3, 120 30,100 66,990 51,080 26.700 $182,700 $182,700 During January 2021, the following transactions occur. January 2 Sold gift cards totaling $11,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $163,000. January 15 Firework sales for the first half of the month total $151,000. All of these sales are on account. The cost of the units sold is $81,800. January 23 Receive $127,800 from customers on accounts receivable. January 25 Pay $106,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,400. January 30 Firework sales for the second half of the month total $159,000. Sales include $13,000 for cash and $146,000 on account. The cost of the units sold is $87,500. January 31 Pay cash for monthly salaries, $53,600. 6. Record closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No General Journal * Date January 31, 2021 1 Sales Revenue Retained Earnings 2 January 31, 2021 es Retained Earnings Salaries Expense Depreciation Expense Bad Debt Expense Income Tax Expense Interest Expense Cost of Goods Sold eneral Journal Debit Credit Sales Revenue Retained Earnings Retained Earnings Salaries Expense Depreciation Expense Bad Debt Expense Income Tax Expense Interest Expense Cost of Goods Sold 6. Record closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) int View transaction list ences Journal entry worksheet eneral Journal Debit Credit Sales Revenue Retained Earnings Retained Earnings Salaries Expense Depreciation Expense Bad Debt Expense Income Tax Expense Interest Expense Cost of Goods Sold 6. Record closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) int View transaction list ences Journal entry worksheet