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

Accounts	Debit			Credit
Cash	$	26,400
Accounts Receivable		48,800
Allowance for Uncollectible Accounts				$	5,500
Inventory		21,300
Land		59,000
Equipment		21,500
Accumulated Depreciation					2,800
Accounts Payable					29,800
Notes Payable (6%, due April 1, 2019)					63,000
Common Stock					48,000
Retained Earnings					27,900
Totals	$	177,000		$	177,000

During January 2018, the following transactions occur:

January 2	Sold gift cards totaling $10,600. The cards are redeemable for merchandise within one year of the purchase date.
January 6	Purchase additional inventory on account, $160,000.
January 15	Firework sales for the first half of the month total $148,000. All of these sales are on account. The cost of the units sold is $80,300.
January 23	Receive $126,700 from customers on accounts receivable.
January 25	Pay $103,000 to inventory suppliers on accounts payable.
January 28	Write off accounts receivable as uncollectible, $6,100.
January 30	Firework sales for the second half of the month total $156,000. Sales include $15,000 for cash and $141,000 on account. The cost of the units sold is $86,000.
January 31	Pay cash for monthly salaries, $53,300.

The following information is available on January 31, 2018.

1. 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 $4,700 and a two-year service life.
2. The company estimates future uncollectible accounts. At the end of January, considering the total ending balance of the accounts receivable account shown in the general ledger, $24,000 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). The company estimates that 30% of the past due balance will be uncollectible and only 5% of the current balance will become uncollectible. Please record the estimated bad debt expense.
3. Accrue the interest expense on notes payable for January. (Hint: recognize the expense and add as a liability, since the interest expense has not been paid yet)
4. Accrue income taxes at the end of January are $14,300. (Hint: recognize the expense and add as a liability, since the income taxes have not been paid yet)
5. By the end of January, $4,300 of the gift cards sold on January 2 have been redeemed.

Requirement:

1. General Journal
2. General Ledger
3. Trial Balance
4. Income Statement
5. Balance Sheet
6. Analysis