Please do a-e & 16-17 thats all!

only a-e &16-17

During January 2021, the following transactions occur January 2 Sold gift cards totaling $11,600. The cards are redeemable for nerchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $165,000 January 15 Firework sales for the first half of the month total $153,000. All of these sales are on account. The cost of the units sold is $82,800 January 23 Receive $127.200 from customers on accounts receivable. January 25 Pay $108,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,600. January 30 Firework sales for the second half of the month total $161,000. Sales include 318,eee for cash and $143, eee on account The cost of the units sold is $88,5eo. January 31 Pay cash for monthly salaries, 553,800 The following information is available on January 31 a. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,800 and a two-year service life. b. The company estimates future uncollectible accounts. The company determines $29,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 4% of these accounts are estimated to be uncollectible. (Hint Use the January 31 accounts receivable balance calculated in the general ledger) c. Accrued interest expense on notes payable for January d. Accrued income taxes at the end of January are $14,800 e. By the end of January, 54,800 of the gift cards sold on January 2 have been redeemed (ignore cost of goods sold). Journal entry worksheet Prepare the closing entry for expenses. Note: Enter debits before credits. Account Title Debit Credit Date Jan 31 On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 26,900 49, see $ 6,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals 21,800 64, eee 24,000 3,300 30,300 68,000 53 , 25,900 $186,500 $186,500