2. Record the following adjusting entries on December 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

1. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected.
2. Accrue interest on the note receivable of $10,000, which was accepted on October 1, 2021. Interest is due each September 30.

The general ledger of Pop's Fireworks includes the following account balances in 2021: Credit Debit $ 21,200 41,500 $ 2,200 6,700 10,000 85,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (8%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Supplies Expense Totals 12,300 106,000 29,900 124,800 70, 900 24, 200 15,700 $275,200 $275, 200 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $7,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $5,000. November 15 Write off customer accounts of $1,500 as uncollectible. Required information Journal entry worksheet Record the estimate of future bad debts. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2021 Record entry Clear entry View general journal D .. Required information Journal entry worksheet Record the interest accrued on note receivable. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2021 Record entry Clear entry View general journal