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On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances: During January 2021 , the following transactions occurred: January 1 purchased equipment for $20,700. The company estimates a residual value of $2,700 and a six-year service January 4 Paid cash on accounts payable, $10,700. January \& Purchased additional inventory on account, $94,100 January 15 Received cash on accounts receivable, $23,200 January 19 paid cash for salaries, $31,000. January 28 paid cash for January utilities, 517,700 . January 30 Firework sales for January totaled $232,000. N11 of these salen were on account. The cont of the unitu nold The following information is available on January 31, 2021. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. At the end of January. $4,200 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected. Of the remaining accounts recelvable, the company estimates that 3% will not be collected. The note receivable of $26,400 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. c. Accrued interest revenue on notes receivable for January. d. Unpaid salaries at the end of January are $33,800. e. Accrued income taxes at the end of January are $10,200. Journal entry worksheet Journal entry worksheet Journal entry worksheet Journal entry worksheet Taimal antry winrkchant

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