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

Accounts	Debit			Credit
Cash	$	35,500
Accounts Receivable		50,200
Inventory		22,000
Land		86,000
Equipment		25,000
Allowance for Uncollectible Accounts					6,200
Accumulated Depreciation					3,500
Accounts Payable					30,500
Notes Payable (6%, due April 1, 2019)					70,000
Warranty Liability					26,000
Common Stock					55,000
Retained Earnings					27,500
Totals	$	218,700		$	218,700

During January 2018, the following transactions occur:

January		2		Sold gift cards totaling $12,000. The cards are redeemable for fireworks set-up services within one year of the purchase date.
January		6		Purchase additional inventory on account, $167,000.
January		15		Firework sales for the first half of the month total $155,000. All of these sales are on account. The cost of the units sold is $83,800.
January		20		ACME paid a warranty claim of $21,000.
January		23		Receive $127,400 from customers on accounts receivable.
January		25		Pay $110,000 to inventory suppliers on accounts payable.
January		28		Write off accounts receivable as uncollectible, $6,800.
January		30		Firework sales for the second half of the month total $163,000. Sales include $17,000 for cash and $146,000 on account. The cost of the units sold is $89,500.
January		31		Pay cash for monthly salaries, $54,000.

The following information is available on January 31, 2018.

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 $5,200 and a two-year service life.

ACME provides a quality assurance warranty on all sales, and estimates the liability associated with the warranty to be 1% of sales revenue. ACME accrues warranty expense on the last day of each month. The warranty liability covers the life of the product and so is classified as non-current.

During January an appeals court ruled against ACME in a lawsuit involving a customer injury. The customer sued ACME for damages following a firework mishap. ACME now believes it is probable that it will incur a $17,000 loss associated with the claim, but it intends to pursue further appeal and the case could drag on for another couple of years.

During January a customer sued ACME for damages after inadvertently igniting a Vesuvius Spark Fountain in his backpack. ACME believes the probability of incurring a loss on the claim to be remote.

At the end of January, $31,000 of accounts receivable are past due, and the company estimates that 30% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 4% will not be collected.

ACME accrued interest expense on notes payable for January.

ACME accrued income taxes at the end of January are $8,000.

By the end of January, $5,000 of the gift cards sold on January 2 have been redeemed for fireworks set-up services.

***I need help with the journal entries for the following:

1. Record the adjusting entry for estimated warranty cost.

2. Record the adjusting entry for uncollectible accounts.

3. Record the closing entry for revenue.