Accounts Debit Credit Cash 26700 Accounts Receivable 49400 Allowance for Uncollectible accounts 5800 Inventory 21600 Land 62000 Equipment 23000 Accumulated Depreciation 3100 Accounts payable 30,100 Notes payable(6%,due april 1, 2019) 66,000 Common Stock 51,000 Retained Earnings 26,700 Totals 182,700 182,700

January 2. Sold gift cards totaling $11,200. The cards areredeemable for merchandise within one year of the purchasedate.
January 6. Purchase additional inventory on account,$163,000.
January 15. Firework sales for the first half of the month total$151,000. All of these sales are on account. The cost of the unitssold is $81,800.
January 23. Receive $127,000 from customers on accountsreceivable.
January 25. Pay $106,000 to inventory suppliers on accountspayable.
January 28. Write off accounts receivable as uncollectible,$6,400.
January 30. Firework sales for the second half of the month total$159,000. Sales include $13,000 for cash and $146,000 on account.The cost of the units sold is $87,500.
January 31. Pay cash for monthly salaries, $53,600.

1)Record Each Transaction losted above

1. Depreciation on the equipment for the month of January iscalculated using the straight-line method. At the time theequipment was purchased, the company estimated a residual value of$5,000 and a two-year service life.
2. The company estimates future uncollectible accounts. The companydetermines $27,000 of accounts receivable on January 31 are pastdue, and 30% of these accounts are estimated to be uncollectible.The remaining accounts receivable on January 31 are not past due,and 4% of these accounts are estimated to be uncollectible. (Hint:Use the January 31 accounts receivable balance calculated in thegeneral ledger.)
3. Accrued interest expense on notes payable for January.
4. Accrued income taxes at the end of January are $14,600.
5. By the end of January, $4,600 of the gift cards sold on January2 have been redeemed.
  
2. Record the adjusting entries on January 31 forthe above transactions.

3. Prepare an adjusted trial balance as ofJanuary 31, 2018.

4. Prepare a multiple-step income statement forthe period ended January 31, 2018.
  5. Prepare a classified balance sheetas of January 31, 2018.

6. Record closing entries.

7a-1. Calculate the current ratio at the end ofJanuary.

3. Prepare an adjusted trial balance as ofJanuary 31, 2018.
a-2. If the average current ratio for the industryis 1.80, is ACME Fireworks more or less liquid than the industryaverage?

b-1. Calculate the acid-test ratio at the endof January.

b-2. If the average acid-test ratio for theindustry is 1.50, is ACME Fireworks more or less likely to havedifficulty paying its currently maturing debts (compared to theindustry average)?

c-1. Assume the notes payable were due on April1, 2018, rather than April 1, 2019. Calculate the revised currentratio at the end of January.

c-2. Indicate whether the revised ratio wouldincrease, decrease, or remain unchanged.

I DESPERATELY NEED QUESTIONS 1-6 ANSWERED BEFORE 11:59! PLEASEHELP!!!