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On January 1, 2024, the general ledger of Big Blast Fieworks inctudes the following account balances: The $40,000 beginning balance of inventory consists of 400

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On January 1, 2024, the general ledger of Big Blast Fieworks inctudes the following account balances: The $40,000 beginning balance of inventory consists of 400 units, each coseng $100. Duting January 2024,8 , 6iast Fireworks had the following inventory transoctions: January 3 Turehabe 1,900 unit: for 5205,200 on account (1104 each). perpeteal iaveetery sretes. yenuary 24 Pay $656,060 to inveatery suppliera en acceuate payable. Jahuary 31 pay eash for salaries daring January, $124,065. The following information is available on danuary 31,2024 a. At the end of January, the company estimates that the remaining units of imventory purchased on January 12 are expected to sell in February for only $100 each. [Hunt Determine the number of units remaining from January 12 aftee subtracting the units returned on January 15 and the units assumed sold (FFF) on January 19] b. The company records an adjusting entry for $2,040 for estinated future uncolectoble accounts. c. The company accrues interest on notos payable for January. Interest is expected to be paid each December 31 d. The company accrues income taxes at the end of January of $13,300 5. Prepare a classified balance sheet as of January 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) 13.0Requiredintormation Part 3 of 6 \begin{tabular}{|c|c|c|} \hline \multicolumn{3}{|c|}{ DIG BLAST FIREWOAKS } \\ \hline \multicolumn{3}{|c|}{ Adjusted Trial Balance } \\ \hline \multicolumn{3}{|c|}{ January 31,2024} \\ \hline Accounts & Debil & Credia \\ \hline \multicolumn{3}{|l|}{ Canh } \\ \hline \multicolumn{3}{|l|}{ Accounts receivable } \\ \hline \multicolumn{3}{|c|}{ Allowance for uncoloctible accouns } \\ \hline \multicolumn{3}{|l|}{ Anentory } \\ \hline \multicolumn{3}{|l|}{ Land } \\ \hline \multicolumn{3}{|l|}{ Acoounts payable } \\ \hline \multicolumn{3}{|l|}{ Notes payable } \\ \hline \multicolumn{3}{|l|}{ Common stock } \\ \hline \multicolumn{3}{|l|}{ Retarned earnings } \\ \hline \multicolumn{3}{|l|}{ income tax paysble } \\ \hline \multicolumn{3}{|l|}{ inverost payable } \\ \hline \multicolumn{3}{|l|}{ Sales pevenue } \\ \hline \multicolumn{3}{|l|}{ Cost of goods sold } \\ \hline \multicolumn{3}{|l|}{ Salaries expense } \\ \hline Bad debt expense & - & \\ \hline \multicolumn{3}{|l|}{ Income tax expense } \\ \hline \multicolumn{3}{|l|}{ Intarest expense } \\ \hline Totals & 0 & 5 \\ \hline \end{tabular} 4. Prepare a multiple-step income statement for the period ended January 31,2024. 6. Record closing entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

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