On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:

Accounts	Debit				Credit
Cash	$	25,100
Accounts Receivable		46,200
Allowance for Uncollectible Accounts					$	4,200
Inventory		20,000
Land		46,000
Equipment		15,000
Accumulated Depreciation						1,500
Accounts Payable						28,500
Notes Payable (6%, due April 1, 2022)						50,000
Common Stock						35,000
Retained Earnings						33,100
Totals	$	152,300			$	152,300

During January 2021, the following transactions occur:

January		2		Sold gift cards totaling $8,000. The cards are redeemable for merchandise within one year of the purchase date.
January		6		Purchase additional inventory on account, $147,000.
January		15		Firework sales for the first half of the month total $135,000. All of these sales are on account. The cost of the units sold is $73,800.
January		23		Receive $125,400 from customers on accounts receivable.
January		25		Pay $90,000 to inventory suppliers on accounts payable.
January		28		Write off accounts receivable as uncollectible, $4,800.
January		30		Firework sales for the second half of the month total $143,000. Sales include $11,000 for cash and $132,000 on account. The cost of the units sold is $79,500.
January		31		Pay cash for monthly salaries, $52,000.

Journal entry worksheet 1 2 3 4 5 6 7 8 9 10 Record sale of gift cards totaling $8,000. The cards are redeemable for merchandise within one year of the purchase date. Note: Enter debits before credits. Date General Journal Debit Credit January 02 Journal entry worksheet