on January 1, 2021, the general ledger of ACME fireworks includes the following account balances. (see picture)

Prepare an adjusted trial balance as of January 31, 2021.

Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Debit Credit Cash $ 26,600 Accounts Receivable 49,200 Allowance for Uncollectible Accounts $ 5,700 Inventory 21,500 Land 61,000 Equipment 22,500 Accumulated Depreciation 3,000 Accounts Payable 30,000 Notes Payable (64, due April 1, 2822) 65,000 Common Stock 50,000 Retained Earnings 27, 100 Totals $180,800 $180,800 During January 2021, the following transactions occur. January 2 Sold gift cards totaling $11,000. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $162,000. January 15 Firework sales for the first half of the month total $150,000. All of these sales are on account. The cost of the units sold is $81,300. January 23 Receive $126,900 from customers on accounts receivable. January 25 Pay $105,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,300. January 38 Firework sales for the second half of the month total $158,000. Sales include $14,000 for cash and $144,000 on account. The cost of the units sold is $87,000. January 31 Pay cash for monthly salaries, $53,500. 1. Record each of the transactions listed above. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete and correct. Cru 1 January 02 Canh 11,000 Deferred Revenue 11,000 2 January 08 162,000 Inventory Accounts Payable O 162,000 3 January 15 Accounts Receivable Sales Revenue O 150,000 150,000 4 January 15 81,300 Cost of Goods Sold Inventory 81,300 5 January 23 Cash Accounts Receivable 126,900 126,900 6 January 25 105,000 Accounts Payable Cash 9 105,000 7 January 28 6,300 Allowance for Uncollectible Accounts Accounts Receivable 6,300 8 January 30 Cash Accounts Receivable Sales Revenue OOO 14,000 144.000 158,000 January 30 87.000 Cost of Goods Sold Inventory ol 87,000 10 January 31 53,500 Salaries Expense Cash 53.500 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Answer is complete and correct. No Date Debit Credit 1 January 31 General Journal Depreciation Expense Accumulated Depreciation 750 > 750 2 January 31 15,760 Bad Debt Expense Allowance for Uncollectible Accounts 15,760 3 January 31 325 Interest Expense Interest Payable OS 325 4 January 31 3 Income Tax Expense Income Tax Payable 14,500 14,500 5 January 31 Deferred Revenue Sales Revenue 4,500 4,500 3. Prepare an adjusted trial balance as of January 31, 2021. ACME Fireworks Adjustad Trial Balance January 31, 2021 Accounts Dobit Credit Totals $ $ 0