[The following information applies to the questions displayed below.] On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	26,900
Accounts Receivable		49,800
Allowance for Uncollectible Accounts				$	6,000
Inventory		21,800
Land		64,000
Equipment		24,000
Accumulated Depreciation					3,300
Accounts Payable					30,300
Notes Payable (6%, due April 1, 2019)					68,000
Common Stock					53,000
Retained Earnings					25,900
Totals	$	186,500		$	186,500

During January 2018, the following transactions occur: January 2. Sold gift cards totaling $11,600. The cards are redeemable for merchandise within one year of the purchase date. January 6. Purchase additional inventory on account, $165,000. January 15. Firework sales for the first half of the month total $153,000. All of these sales are on account. The cost of the units sold is $82,800. January 23. Receive $127,200 from customers on accounts receivable. January 25. Pay $108,000 to inventory suppliers on accounts payable. January 28. Write off accounts receivable as uncollectible, $6,600. January 30. Firework sales for the second half of the month total $161,000. Sales include $18,000 for cash and $143,000 on account. The cost of the units sold is $88,500. January 31. Pay cash for monthly salaries, $53,800.

1.

value: 15.00 points

Required information

1. Record each of the transactions listed above. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)