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: During January 2021, the following transactions occur: January 2 seld gift carde totaling \$11,400. The cardi are redeemable for merchandiae within one year of the purchase date. January 6 Porchane additional inventory on account, $164,000. January is Firework salen for the firat half of the month total $152,000. A11 of these sales are on account. The cost of the unita sold is 582,300 . January 23 Receive $127,100 trom customers on account. receivable. January 25 pay $107,000 to inventory nupplifera on accounta payable. January 28 Write oft account recelvable as uncollectible, $6,500. January 30 Firework nales for the aecond halt of the month total $160,000. Sales include $11,000 for cash and January 31 Pay cash for monthly salaries, $53,700. 1. Record each of the transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required " in the first account field.)