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

On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:

AccountsDebitCreditCash$25,900

Accounts Receivable47,800

Allowance for Uncollectible Accounts$5,000

Inventory20,800

Land54,000

Equipment19,000

Accumulated Depreciation2,300

Accounts Payable29,300

Notes Payable (6%, due April 1, 2022)58,000

Common Stock43,000

Retained Earnings29,900

Totals$167,500$167,500

During January 2021, the following transactions occur:

January2Sold gift cards totaling $9,600. The cards are redeemable for merchandise within one year of the purchase date.January6Purchase additional inventory on account, $155,000.January15Firework sales for the first half of the month total $143,000. All of these sales are on account. The cost of the units sold is $77,800.January23Receive $126,200 from customers on accounts receivable.January25Pay $98,000 to inventory suppliers on accounts payable.January28Write off accounts receivable as uncollectible, $5,600.January30Firework sales for the second half of the month total $151,000. Sales include $14,000 for cash and $137,000 on account. The cost of the units sold is $83,500.January31Pay cash for monthly salaries, $52,800.

• Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $4,600 and a two-year service life.
• The company estimates future uncollectible accounts. The company determines $19,000 of accounts receivable on January 31 are past due, and 30% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.)
• Accrued interest expense on notes payable for January.
• Accrued income taxes at the end of January are $13,800.
• By the end of January, $3,800 of the gift cards sold on January 2 have been redeemed.

2.Record the adjusting entries on January 31 for the above transactions.(If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

( I need help with the part thats underlined)