On January $1,2024$ the general ledger of ACME Fireworks includes the following account balances:

During January $2024,$ the following transactions occur:

January $2$ Sold gift cards totaling $$8,000.$ The cards are redeemable for merchandise within

one year of the purchase date.

January $6$ Purchase additional inventory on account, $$147,000.$ ACME uses the perpetual

inventory system.

January $15$ Firework sales for the first half of the month total $$135,000.$ All of these sales

are on account. The cost of the units sold is $$73,800.$

January $23$ Receive $$125,400$ from customers on accounts receivable.

January $25$ Pay $$90,000$ to inventory suppliers on accounts payable.

January $28$ Write off accounts receivable as uncollectible, $$4,800.$

January $30$ Firework sales for the second half of the month total $$143,000.$ Sales include

$$11,000$ for cash and $$132,000$ on account. The cost of the units sold is $$79,500.$

January $31$ Pay cash for monthly salaries, $$52,000.$