+ 7. On February 7, 2019, the Company received a utility bill for the month of January in the amount of $89,000 payable in 14 days. In closing January's books, the Company had estimated that this bill would be $87,000. What J/E did they make on January 31 and what entry is required on February 7. 8. On January 15, 2019, the Company converted an Account Receivable in the amount of $2,500 into a Note Receivable at 6%, principal and interest payable in 4 months. What journal entry, if any, is required relative to this transaction on January 31, 2019? 9. On January 26, 2019, a fire in the company's kitchen resulted in damage estimated to cost $35,000 to repair. The Company filed a claim with their insurance agency. The policy has a $1,000 deductible. What journal entry is required on January 31 to reflect these events. 10. On January 28, 2019, the Company is subpoenaed and charged with polluting the local river with toxic sludge. In-house attorneys cannot ascertain if the case has merit. What month end journal entry is required to reflect this?