On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounta Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (68, due April 1, 2022) Common Stock Retained Earnings Totals Debit Credit $27,000 50,000 $ 6,100 21,900 65,000 24,500 3,400 30,400 69,000 54,000 25,500 $188,400 $188,400 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $11,800. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $166,000. January 15 Firework sales for the first half of the month total $154,000. All of these sales are on account. The cost of the units sold is $83,300. January 23 Receive $127,300 from customers on accounts receivable. January 25 Pay $109,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,700. January 30 Firework sales for the second half of the month total $162,000. Sales include $10,000 for cash and $152.000 on account. The cost of the units sold is $89,000. January 31 Pay cash for monthly salaries, $53,900.