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Required information Exercise 5-21 (Algo) Complete the accounting cycle using receivable transactions (LO51, 54, 55,...

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Required information Exercise 5-21 (Algo) Complete the accounting cycle using receivable transactions (LO51, 54, 55, 57, 58) Skip to question [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: Accounts Debit Credit Cash $25,100 Accounts Receivable 14,200 Allowance for Uncollectible Accounts $1,600 Supplies 3,100 Notes Receivable (6%, due in 2 years) 26,000 Land 77,600 Accounts Payable 9,400 Common Stock 102,000 Retained Earnings 33,000 Totals $146,000 $146,000 During January 2024, the following transactions occur: January 2 Provide services to customers for cash, $41,100. January 6 Provide services to customers on account, $78,400. January 15 Write off accounts receivable as uncollectible, $1,600. (Assume the company uses the allowance method) January 20 Pay cash for salaries, $32,000. January 22 Receive cash on accounts receivable, $76,000. January 25 Pay cash on accounts payable, $6,100. January 30 Pay cash for utilities during January, $14,300. Exercise 5-21 (Algo) Part 4

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