have some numbers figured out but not all of them 3. Prepare an adjusted trial balance as of January 31, 2021.ACME FireworksAdjusted Trial BalanceJanuary 31, 2021AccountsDebitCreditCashAccounts ReceivableInventoryLandEquipmentAccumulated Depreciation140,60021,20058,00021,0002700Accounts PayableNotes Payable62,000Common Stock47,000Retained EaningsAllowance for Uncollectible Accounts28,30010,400Sales RevenueCost of Goods SoldBad Debt ExpenseSalaries Expense53,200Totals240,800 $203,600 Required information(The following information applies to the questions displayed below)On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances:AccountsCashAccounts ReceivableAllowance for Uncollectible AccountsInventoryLandEquipmentAccumulated DepreciationAccounts PayableNotes Payable (6%, due April 1, 2022)Common StockRetained EarningsDebit$ 26,30048,600Credit$ 5,40021,20058,00021,e002,70029,70062,00047,00028,300$175,100Totals$175, 100During January 2021, the following transactions occur:January 2 Sold gift cards totaling $10,48ee. The cards are redeemable for merchandise within one year of thepurchase date.6 Purchase additional inventory on account, $159, 000.January 15 Firework sales for the first half of the month total $147,000. ALl of these sales are on account.The cost of the units sold is $79,8e0.January 23 Receive $126,6e0 from customers on accounts receivable.January 25 Pay $182,000 to inventory suppliers on accounts payable.January 28 Write off accounts receivable as uncollectible, $6,000.January 30 Firework sales for the second half of the month total $155, 000. Sales include $11, 000 for cash and$144,000 on account. The cost of the units sold is $85, 500.January 31 Pay cash for monthly salaries, $53,200.

Adjusted trial balance refers to the type of trial balance that lists all the ending balances of all…

Answered: on Stock ed Eamings ance for…

Business

Accounting

on Stock ed Eamings ance for Uncollectible Accounts Revenue of Goods Sold ebt Expense es Expense

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 6E: Balance Sheet Baggett Companys balance sheet accounts and amounts as of December 31, 2019, are shown...

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Required information [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of ACME Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Land Equipment Accumulated Depreciation Accounts Payable Notes Payable (6%, due April 1, 2022) Common Stock Retained Earnings Totals View transaction list Journal entry worksheet
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