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: Accounts Cash Debit Credit $27,000 Accounts Receivable Allowance for Uncollectible Accounts 50,000 $ 6,100 Inventory 21,900 Land 65,000 Equipment 24,500 Accumulated Depreciation. 3,400 Accounts Payable 30,400 Notes Payable (6%, due April 1, 2022) 69,000 Common Stock 54,000 Retained Earnings 25,500 Totals $188,400 $188,400 During January 2021, the following transactions occur. January 2 Sold gift cards totaling $11,800. The cards are redeemable for merchandise within one year of the purchase date. January 6 Purchase additional inventory on account, $166,000. January 15 Firework sales for the first half of the month total $154,000. All of these sales are on account. The cost of the units sold is $83,300. January 23 Receive $127,300 from customers on accounts receivable. January 25 Pay $109,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,700. January 38 Firework sales for the second half of the month total $162,000. Sales include $10,000 for cash and $152,000 on account. The cost of the units sold is $89,000. January 31 Pay cash for monthly salaries, $53,900. 3. Prepare an adjusted trial balance as of January 31, 2021. ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Credit