3 On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 24,300 13.800 2015 $ 1,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Connon Stock Retained Earnings Totals 2,700 22,00 77,200 8,200 98,000 32,600 $140,000 $140,000 During January 2021, the following transactions occur January 2 Provide services to customers for cash, 537.100 January 5 Provide services to customers on account, $74,400. January 15 write off accounts receivable as uncollectible, $1,000 January 20 Pay cash for salaries, $31,680. January 22. Receive cash on accounts receivable. $72,000. January 25 Pay cash on accounts payable, 55,700 January 3 Pay cash for utilities during January. $13,900. a. The company estimates future uncollectible accounts. The company determines $5,200 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 b. Supplies at the end of January total $800 c. Accrued interest revenue on notes receivable for January, Interest is expected to be received each Decemger 31. d. Unpaid salaries at the end of January are $33,700 Journal entry worksheet 1 2 3 4 The company estimates future uncollectible accounts. The company determines $5,200 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 Note: Enter debits before credits. General Journal Debit Credit January 31 Date Recordant concentre Viewonerlour Journal entry worksheet