Required information Exercise 8-19 (Algo) Complete the accounting cycle (LO8-1, 8-2, 8-4, 8-6) [The following information applies to the questions displayed below.] 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 $9,800. The cards are redeemable for merchandise within one year of the purchase date. Jahuary 6 Purchase additional inventory on account, $156,000. ACME uses the perpetual inventory systea. January is Firework soles for the first half of the month total $144,000. All of these sales are on account. The cost of the units sold is $78,360. January 23 Receive $126,300 from customers on accounts receivable, January 25 Pay $99,690 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $5,700. January 30 Firenork sales for the second half of the month total $152,000. Sales include $12,000 for cash and $140, 000 on account. The cost of the units sold is $84,000. January 31 Pay cash for monthly salaries, $52,900. Required: 1. Record each of the tronsactions listed above. (If no entry is required for a particuler transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record sale of gift cards totaling $9,800. The cards are redeemable for merchandise within one year of the purchase date. Notei Enber debita benfore crodites