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3. Prepare an adjusted trial balance as of January 31,2024. Required information On Januhry 1,2024 , the general lodger of Big Biast Fireworks inciudes the following account balances: The $39,000 beginning balance of inventory consists of 390 units, esch costing $100. During January 2024 , B. Giast Fireworks had the following imentory transactions: January 3 Purchase 1,800 units for $192,600 on account ($107 each). January 8 Purchase 1,900 units for $212,800 on account ($112 each). January 12 Purchase 2 , beb units for $234,008 on account ($117 each). January 15 Return 145 of the units purchased on January 12 because of defects. January 195elt5,800 units on account for 5870,000 . The cost of the units sold is determined using a FIfo perpetual inventory systen. January 22 Recelve $841,000 fron custoners on accounts receivable. January 24 Pay 5585 , dea to inventory suppliers on accounts payable. January 27Write of accounts receivable as uncollectible, $3,400. January 31 Pay cash for salaries during january, $123,000. The foliowing information is wailable on Jansary 31,2024 a. At the end of January, the compsny estimates that the remaining unts of imventory purchased on January 12 are expected to sell in Februsry for ony 5100 esch. [Whit: Determine the number of units remaining from Januacy 12 after subtracting the units retumed on January 15 and the units assumed sold (FFFor on Janusry t9. c. The compary accrues interest on notes payable for January. Interest is expected to be paid each Oecember 3 i. d. The company occries incame taves at the end of January of $13.200. a. At the end of Jonuary, the company estimates that the remaining units of inventory purchased on January 12 are expected to sell in February for only $100 each. (Hinc Determine the number of units remaining from January 12 after subtacting the units retuined on January 15 and the units assumed sold (Fofon on January 19) b. The company records an adjusting entry for $3.055 for estimated future uncollectible sccounts. c. The company accrues interest on notes payable for January. interest is expected to be paid each December 31 d. The company accrues income tanes at the end of Januery of $13,200. 6. Record closing entries. (If no entry is required for a transaction/event, select "No journal entry required" i first account field.) Journal entry worksheet Record the entry to close the revenue accounts. Note: Enter debits before credits. 5. Prepare a classified balance sheet as of January 31, 2024. (Amounts to be deducted should be indicated with a minus sign.) 4. Prepare a multiple-step income statement for the period ended January 31, 2024

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