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On January 1,2024 , the general ledger of ACME Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 2

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On January 1,2024 , the general ledger of ACME Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 2 sold gift cards totaling $11,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $163,000. Acme usen the perpetual inventory systen. January 15 Firework sales for the first half of the month total $151,000. All of these salen are on account. The cost of the units sold in $81,800. January 23 Receive $127,000 from customern on accounts receivable. January 25 Pay $106,000 to inventory suppliern on accognte payable. January 28 Write off accounts receivable as uncollectible, $6,400. January 30 Firework wales for the second half of the month total $159,000, sales include $13,000 for cash and $146,000 on account. The cont of the units nold in $87,500. January 31 Pay canh for monthly salaries, 553,600 . 5. Prepare a classified balance sheet as of January 31,2024 . (Enter the asset accounts in order of liquidity. Amounts to be deduct, should be indicated with a minus sign.) On January 1,2024 , the general ledger of ACME Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 2 sold gift cards totaling $11,200. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $163,000. Acme usen the perpetual inventory systen. January 15 Firework sales for the first half of the month total $151,000. All of these salen are on account. The cost of the units sold in $81,800. January 23 Receive $127,000 from customern on accounts receivable. January 25 Pay $106,000 to inventory suppliern on accognte payable. January 28 Write off accounts receivable as uncollectible, $6,400. January 30 Firework wales for the second half of the month total $159,000, sales include $13,000 for cash and $146,000 on account. The cont of the units nold in $87,500. January 31 Pay canh for monthly salaries, 553,600 . 5. Prepare a classified balance sheet as of January 31,2024 . (Enter the asset accounts in order of liquidity. Amounts to be deduct, should be indicated with a minus sign.)

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