[The following information applies to the questions displayed below] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: During January 2021, the following transactions occur: Jahuary 2 Sold gift cards totaling 89,200 . The cards are redeemable for merchandise within one year of the purchase dote. 3anuary 6 Purchase additional inventory on account, $153,00e. Jahwary is Eiresork soles for the first half of the month total \$141,000. All of these sales are on account. The cast of the units seld is 576,000 . Jewary 23 Recelve $126, 00e from castomers on accounts recelvoble, January 25 Pay 596,000 to inventory soppllers on accounts payable. Janunry 20 terite off accounts receivable as uncollectible, 55,400. Janaary 30 Firnork wales for the second half of the month totol \$149,000. Sales include $13, 000 for eash and 5136 , 0o0 on account. The cost of the units sold is 532,500 . Januery 31 Pay eash for monthly talaries, 552,600. [The following information applies to the questions displayed below] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: During January 2021, the following transactions occur: Jahuary 2 Sold gift cards totaling 89,200 . The cards are redeemable for merchandise within one year of the purchase dote. 3anuary 6 Purchase additional inventory on account, $153,00e. Jahwary is Eiresork soles for the first half of the month total \$141,000. All of these sales are on account. The cast of the units seld is 576,000 . Jewary 23 Recelve $126, 00e from castomers on accounts recelvoble, January 25 Pay 596,000 to inventory soppllers on accounts payable. Janunry 20 terite off accounts receivable as uncollectible, 55,400. Janaary 30 Firnork wales for the second half of the month totol \$149,000. Sales include $13, 000 for eash and 5136 , 0o0 on account. The cost of the units sold is 532,500 . Januery 31 Pay eash for monthly talaries, 552,600