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On January 1. 2024. the general ledger of 3D Family Fireworks Includes the following account balances:

Accounts

Cash

Accounts Recalyae

Allowance for Uncollectible Accounts

Supplies

Notes Receivable (6%, due in 2 years)

Land

Accounts Payable

common stock

Debit

$25,388

14. 388

Credit

$1,600

3,200

27,000

77,708

Retained tarnines

Totals

$147,500

9,800

103,000

33,100

$147,508

During January 2024, the following transactions occur.

anuar

January

January

15

Provide services to customers for cash, 342,100.

Provide services to customers on account, 379, 680

Write off accounts receivable as uncollectible, 31,800. (Assume the company

January 20

Pay cash tor salarzes, 532,100

January 22

Receive cash on accounts receivable, $77,000.

January 25

Pay cash on accounts payable.

$6,200

January 30 Pay cash for utilities during January, 314,400.

The following information is avallable on January 31. 2024.

a. The company estimates future uncollectible accounts. The company determines $5.700 of accounts receivable on January 31 are

past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past

due. and 5% of these accounts are estimated to be uncollectible. (Hint Use the January 31 accounts receivable balance calculated in

the general ledger to split total accounts receivable into the $5.700 past due and the remaining amount not past due.)

b. Supplies at the end of January total $600. All other supplies have been used.

C. Accrued Interest revenue on notes receivable for January. Interest Is expected to be received each December 31.

d. Unpald salarles at the end of January are $34,200

Durng datuly 20si Fe toiowng tarsactont scrur The forcueng int a mation is syolebie on Johusy 3t, 2024 d. Unodid sais es at the end of abnuay ate 534290 - = Durng datuly 20si Fe toiowng tarsactont scrur The forcueng int a mation is syolebie on Johusy 3t, 2024 d. Unodid sais es at the end of abnuay ate 534290 - =

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