The following information applies to the questions displayed below. On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Credit Debit $ 26,689 49,280 $ 5,70 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (64, due April 1, 2922) Gomon stock Retained Earnings Totals 21,500 61,000 22,580 3,689 39,600 65,000 50,000 27 180 $190,00 $ 120,00 During January 2021, 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, $162,600. January 15 Firework sales for the first half of the month total $150,699. All of these sales are on account. The cost of the units sold is $81,380. January 23 Receive $126,989 from customers on accounts receivable. January 25 Pay $185,699 to inventory suppliers on accounts payable. January 28 krite off accounts receivable as uncollectible, $6,329. January 39 Firework sales for the second half of the month total $153,600. Sales include $14,960 for cash and $144,000 on account. The cost of the units sold is $37,600. January 31 Pay cash for monthly salaries, $53,500. 3. Prepare an adjusted trial balance as of January 31, 2021. Credit 15,160 ACME Fireworks Adjusted Trial Balance January 31, 2021 Accounts Debit Cash $ 20,000 Accounts Receivable 210,000 Allowance for Uncollectible Accounts Inventory 15,200 Land 61,000 Equipment 22.500 Accumulated Depreciation Accounts Payable Notes Payable Deferred Revenue Interest Expense 3,750 87,000 65,000 6,500 325 14,500 50,000 27,100 312,500 Common Stock Retained Earnings Salaries Expense Cost of Goods Sold Bad Debt Expense 53,500 168,300 15,760 14,500 325 750 Depreciation Expense Totals $ 581,835 $ 581.835 Interest Expense Accounts Payable Accounts Receivable 50C Accumulated Depreciation 30C Advertising Expense 760 74,500 27 Allowance for Uncollectible Accounts Bad Debt Expense Cash Common Stock Contingent Liability Cost of Goods Sold Deferred Revenue Delivery Expense Depreciation Expense Equipment IMIN 3 14,5 FICA Tax Payable Fringe Benefits Payable Gain Income Tax Expense Income Tax Payable Income Tax Expense Income Tax Payable Insurance Expense Interest Expense Interest Payable Interest Receivable Interest Revenue Inventory Land Loss Notes Payable Notes Receivable Payroll Tax Expense Property Tax Expense Rent Expense Repairs and Maintenance Expense Retained Earnings 14, Salaries Expense Salaries Payable Sales Revenue Sales Tax Payable Service Fee Expense Coruica Daunu Unemployment Tax Payable Utilities Expense Utilities Payable 5 3 Warranty Expense Warranty Liability 7