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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

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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 Credit Debit $ 26, see 49, ese $ 5,620 21,420 se.ee 22.00 Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2822) Common Stock Retained Earnings Totals 2,980 29,90 64, Bee 49, ese 27, see $178,920 $178.990 During January 2021, the following transactions occur January 2 Sold gift cards totaling $10,see. The cards are redeemable for merchandise within one year of the purchase January 6 Purchase additional inventory on account, $161, e. January 15 Firework sales for the first half of the month total $149, eee. All of these sales are on account. The cost of the units sold is $80, see. January 23 Receive $126,from customers on accounts receivable. January 25 Pay $104,000 to inventory suppliers on accounts payable. January 28 Write off accounts receivable as uncollectible, $6,28e. 38 Firework sales for the second half of the month total $157,290. Sales include $15,Bee for cash and $142, Bee on account. The cost of the units sold is $86, see. January 31 Pay cash for monthly salaries, $53,400. 5. Prepare a classified balance sheet as of January 31, 2021. (Enter the Asset Accounts in order of liquidity. Amounts to be deducted should be Indicated with a minus sign.) ACME FIREWORKS Classified Balance Sheet January 31, 2021 A Beete Llabilities Less: Allowance for Uncollectible Accounts of Total Current Assets 0 Total Current Liabilities Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity Total Assets S o l S

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