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 Debit Credit $ 25,900 Accounts Receivable 47.800 Allowance for Uncollectible heco $ 5,000 Inventory 20,800 54,000 Equipment 19.000 Megumlated Depreciation 2,300 Accounts Payable 29,300 Notes Payable (61, due April 1, 2022 58,000 Common Stoek 43,000 Retained Earnings 29900 Totals $167,500 $167,500 During January 2021, the following transactions occur: January 2 Sold gift cards totaling $9.600. The cards are redeunable for rehand within one year of the purchase date. January 6 Purchase additional inventory on account, $155.000. January 15 Firework sales for the first half of the month total $143.000. All of these sales are on account The cost of the units sold in $77,800. January 23 Receive $126,200 from customers on accounts receivable. January 25 Pay $98,000 to inventory suppliers on accounts payable. January 28 Weite of accounts receivable as uncollectible, $5,600. January 30 Firework sales for the second half of the month total $151,000. Sales include $14.000 $137,000 on account. The cost of the units sold is $83,500. January 31 Pay cash for monthly salaries, $52,800. 6. Record closing entries. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Journal entry worksheet