On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Debit $ 28,000 Credit Accounts Receivable 48,000 Inventory 20,900 Land 75,000 Equipment 19,500 Allowance for Uncollectible Accounts 5,100 Accumulated Depreciation Accounts Payable Notes Payable (68, due April 1, 2019) Warranty Liability Common Stock Retained Earnings Totals 2,400 29,400 59,000 26,000 44,000 25,500 $191,400 $191,400 During January 2018, the following transactions occur: January 2 Sold gift cards totaling $9,800. The cards are redeemable for fireworks set-up services within one year of the purchase date. January 6 Purchase additional inventory on account, $156,000. January 15 Firework sales for the first half of the month total $144,000. All of these sales are on account. The cost of the units sold is $78,300. January 20 ACME paid a warranty claim of $21,000. January 23 Receive $126,300 from customers on accounts receivable. January 25 Pay $99,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $5,700. January 30 Firework sales for the second half of the month total $152,000. Sales include $12,000 for cash and $140,000 on account. The cost of the units sold is $84,000. January 31 Pay cash for monthly salaries, $52,900.