the accounting g long-term actions -7) tas enimmet E721 On January 1, 2024, the general ledger of TNT Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals During January 2024, the following transactions occur: January 1 January 4 January 8 January 15 January 19 January 28 January 30 Debit $ 58,700 25,000 36,300 12,000 155,000 $287,000 Credit $ 2,200 14,800 220,000 50,000 $287,000 stoltes Purchase equipment for $19,500. The company estimates a residual value of $1,500 and a five-year service life. Pay cash on accounts payable, $9,500. Purchase additional inventory on account, $82,900. Receive cash on accounts receivable, $22,000 026 Pay cash for salaries, $29,800. Pay cash for January utilities, $16,500. Firework sales for January total $220,000. All of these sales are on account. The cost of the units sold is $115,000. c. The compan