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12 On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: 0.58 points Debit $ 24,100 13,700 Credit $ 1.000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (68, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 2,600 21.000 77,100 eBook 8,000 97,000 32,500 $138,500 $138,500 Print During January 2021, the following transactions occur. References January 2 Provide services to customers for cash, $36,100. January 6 Provide services to customers on account, $73,400. January 15 Write off accrunts receivable as uncollectible, $800. January 20 Pay cash for salaries, $31,500. January 22 Receive cash on accounts receivable, $71,000. January 25 Pay cash on accounts payable, $5,600. January 30 Pay cash for utilities during January. $13,800. The following information is available on January 31, 2021 a. At the end of January, $5,100 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $21,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. b. Supplies at the end of January total $750, c. Accrued interest revenue on notes receivable for January, Interest is expected to be received each December 31 d. Unpaid salaries at the end of January are $33.600. General General Requirement Income Journal Trial Balance Balance Sheet Ledger Statement Analysis 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-7). Review the 'General Ledger and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal tab (these are shown as items 8-11). 3. Review the adjusted Trial Balance' as of January 31, 2021, in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended January 31, 2021, in the Income Statement tab. 5. Prepare a classified balance sheet as of January 31, 2021 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 12 and 13). 7. Using the information from the requirements above, complete the 'Analysis'tab. Requirement General Journal >

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