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(The following information applies to the questrions displayed below) On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances: Credit

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(The following information applies to the questrions displayed below) On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances: Credit Accounts Cash Accounts Recelvable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreclation Accounts Payable Notes Payable (6%, due April 1, 2019) Common Stock Retalned Earnings blt $25,300 46,600 $ 4,400 20,200 48,000 16,500 1,700 28,700 52,000 37,000 32,800 Totals $156,600 $156,600

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