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On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals During January 2024, the following transactions occur: January 2 Provide services to customers for cash, $45,100. Provide services to customers on account, $82,400. January 6 January 15 January 20 January 22 January 25 Pay cash on accounts payable, $6,500. January 30 Pay cash for utilities during January, $14,700. Requirement A General Journal General Ledger 1. Record each of the transaction Debit $25,900 14,600 $152,000 Write off accounts receivable as uncollectible, $2,400. (Assume the company uses the allowance method) Pay cash for salaries, $32,400. Receive cash on accounts receivable, $80,000. Trial Balance 3,500 30,000 78,000 The following information is available on January 31, 2024. a. The company estimates future uncollectible accounts. The company determines $6,000 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 $6,000 past due and the remaining amount not past due.) b. Supplies at the er of January total $750. 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. Unpaid salaries at the end of January are $34,500. Credit Income Statement $1,700 10,900 106,000 33,400 $152,000 Balance Sheet Analysis

On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances. During January 2024, the following transactions occur: 1anuary 2 Provide services to customers for cash, 545,100. January 6 Provide services to customers on account, $82,400. January 15 Write off accounts recelvable as uncollectible, $2,400. (Assume the conpany uses the allowance method) January 20 . Pay cash for salaries, $32,400. January 22 Receive cash on accounts recelvable, $80,000, January 25 pay cash on accounts payable, 56,500. January 39 Pay cash for utilities during january, 514,700. The following information is avallable on January 31,2024 a. The company estimates future uncollectible accounts. The company determines $6,000 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts recelvable 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 $6,000 past due and the remaining amount not past due) b. Supplies at the end of January total $750. All other supplies have been used. Accrued interest revenue on notes receivable for January Interest is expected to be recelved each December 31 Unpaid salaries at the end of January are $34,500. a. The compory estimates future uncollectble accounts. The company determines $6,000 of accounts recelvable on Jantary 37 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts recelvable on January 31 are not past due, and 5% of the se accounts are estimated to be uncollectible. (Hint Use the January 31 accounts recelvable balance calculated in the general ledger to spit total accounts recelvable into the $6,000 past due and the remaining amount not past due.) b. Supples at the end of January total $750. All other supplies have been used. c. Accrued interest revenue on notes recelvable for January Interest is expected to be recelved each December 31 d thrpaid salaries at the end of January are $34,500 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 7 ), Review the 'Ceneral tedger' 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 to 11 ). 3. Review the sdjusted 'Trial Balance' as of January.31, 2024, in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended January 31,2024 , in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of January 31, 2024 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. On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances. During January 2024, the following transactions occur: 1anuary 2 Provide services to customers for cash, 545,100. January 6 Provide services to customers on account, $82,400. January 15 Write off accounts recelvable as uncollectible, $2,400. (Assume the conpany uses the allowance method) January 20 . Pay cash for salaries, $32,400. January 22 Receive cash on accounts recelvable, $80,000, January 25 pay cash on accounts payable, 56,500. January 39 Pay cash for utilities during january, 514,700. The following information is avallable on January 31,2024 a. The company estimates future uncollectible accounts. The company determines $6,000 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts recelvable 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 $6,000 past due and the remaining amount not past due) b. Supplies at the end of January total $750. All other supplies have been used. Accrued interest revenue on notes receivable for January Interest is expected to be recelved each December 31 Unpaid salaries at the end of January are $34,500. a. The compory estimates future uncollectble accounts. The company determines $6,000 of accounts recelvable on Jantary 37 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts recelvable on January 31 are not past due, and 5% of the se accounts are estimated to be uncollectible. (Hint Use the January 31 accounts recelvable balance calculated in the general ledger to spit total accounts recelvable into the $6,000 past due and the remaining amount not past due.) b. Supples at the end of January total $750. All other supplies have been used. c. Accrued interest revenue on notes recelvable for January Interest is expected to be recelved each December 31 d thrpaid salaries at the end of January are $34,500 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1 to 7 ), Review the 'Ceneral tedger' 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 to 11 ). 3. Review the sdjusted 'Trial Balance' as of January.31, 2024, in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended January 31,2024 , in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of January 31, 2024 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

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