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5 of 7 Required information Exercise 5-22 (Algo) Complete the accounting cycle using receivable transactions (LO5-1, 5-2, 5-4, 5-5, 5-7) [The following information applies

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5 of 7 Required information Exercise 5-22 (Algo) Complete the accounting cycle using receivable transactions (LO5-1, 5-2, 5-4, 5-5, 5-7) [The following information applies to the questions displayed below.) The general ledger of Pop's Fireworks includes the following account balances in 2024: Accounts ook Cash Debit $23,200 Credit Accounts Receivable 46,500 Allowance for Uncollectible Accounts $4,200 Supplies 9,700 int Notes Receivable (8%, due in 2 years) 30,000 Land 95,000 Accounts Payable 14,300 Common Stock 146,000 ences Retained Earnings 30,900 Service Revenue Salaries Expense 126,800 71,900 Utilities Expense Supplies Expense Totals 27,200 18,700 $322,200 $322,200 In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 June 8 Provide additional services on account for $17,000. All services on account include terms 2/10, n/30. Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $10,000. November 15 Write off customer accounts of $2,500 as uncollectible.

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