Required information The following information applies to the questions displayed below) On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances Credit Debit $ 26,000 48,000 $ 5,100 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory 20,900 55.000 19,500 Equipment Accumulated Depreciation Accounts Payable Notes Payable (68, due April 1, 2022) Common Stock Retained Earnings Totals 2,400 29.400 59,000 44,000 29.500 $169,400 $169,400 During January 2021, 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. January Purchase additional inventory on account, $156,000. January 15 Firework sales for the first half of the month total $144,000. All of these sales are on account. The cost of the units sold is $78,300. January 23 Receive $126,300 from customers on accounts receivable. January 25 Pay $99,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, 55,700 January 30 Firework 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. balance as of January 31, 2021. - - - - $140,000 on account. The cost of the units sold is $8 January 31 Pay cash for monthly salaries, $52,900. 3. Prepare an adjusted trial balance as of January 31, 2021. Credit ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Cash | $ 23,400 Accounts Receivable Inventory 63,100 Land 55,000 Equipment 19,500 Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Notes Payable Common Stock Retained Earnings Sales Revenue Salaries Expense 52,900 Cost of Goods Sold Interest Expense 5,100 2,400 69,600 3,540 44,000 29,500