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On January 1, 2018, the general ledger of ACME Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	25,700
Accounts Receivable		47,400
Allowance for Uncollectible Accounts				$	4,800
Inventory		20,600
Land		52,000
Equipment		18,000
Accumulated Depreciation					2,100
Accounts Payable					29,100
Notes Payable (6%, due April 1, 2019)					56,000
Common Stock					41,000
Retained Earnings					30,700
Totals	$	163,700		$	163,700

During January 2018, the following transactions occur: 1. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a residual value of $3,600 and a two-year service life. 2. At the end of January, $17,000 of accounts receivable are past due, and the company estimates that 30% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 3% will not be collected. 3. Accrued interest expense on notes payable for January. 4. Accrued income taxes at the end of January are $13,600. 5. By the end of January, $3,600 of the gift cards sold on January 2 have been redeemed. 2. Record the adjusting entries on January 31 for the above transactions

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