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

On January 1, 2024, the general ledger of ACME Fireworks includes the following account balances:

Accounts	Debit	Credit
Cash	$25,200
Accounts Receivable	46,400
Allowance for Uncollectible Accounts		$4,300
Inventory	20,100
Land	47,000
Equipment	16,000
Accumulated Depreciation		1,600
Accounts Payable		28,600
Notes Payable (6%, due April 1, 2025)		51,000
Common Stock		36,000
Retained Earnings		33,200
Totals	$154,700	$154,700

During January 2024, the following transactions occur:

January 2	Sold gift cards totaling $8,200. The cards are redeemable for merchandise within one year of the purchase date.
January 6	Purchase additional inventory on account, $148,000. ACME uses the perpetual inventory system.
January 15	Firework sales for the first half of the month total $136,000. All of these sales are on account. The cost of the units sold is $74,300.
January 23	Receive $125,500 from customers on accounts receivable.
January 25	Pay $91,000 to inventory suppliers on accounts payable.
January 28	Write off accounts receivable as uncollectible, $4,900.
January 30	Firework sales for the second half of the month total $144,000. Sales include $10,000 for cash and $134,000 on account. The cost of the units sold is $80,000.
January 31	Pay cash for monthly salaries, $52,100.