Requlred Information

$[$The following information applies to the questions displayed below.$]$

On January $1,2021,$ the general ledger of ACME Flreworks Includes the following account balances:

DurIng January $2021,$ the following transactions occur:

January $2$ sold gift cards totaling $$12,000.$ The cards are redeemable for merchandise within one year of the purchase

date.

January $6$ Purchase additional inventory on account, $$167,000.$

January $15$ firework sales for the first half of the month total $$155,000.$ All of these sales are on account. The cost

of the units sold is $$83,800.$

January $23$ Receive $$127,400$ from customers on accounts receivable.

January $25$ Pay $$110,800$ to inventory suppliers on accounts payable.

January $28$ Write off accounts receivable as uncollectible, $$6,800.$

January $30$ Firework sales for the second half of the month total $$163,000.$ Sales include $$17,000$ for cash and $$146,000$

on account. The cost of the units sold is $$89,500.$

January $31$ Pay cash for monthly salaries, $$54,800.$

Prepare an adjusted trlal balance as of January $31,2021.$