! 7 Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 24,500 13,900 $ 1,400 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings 2,800 23,000 77,300 Book 8,400 99,000 32,700 $141,580 Totals $141,500 Perences During January 2021, the following transactions occur January 2 Provide services to customers for cash, $38, 100. January 6 Provide services to customers on account, $75,400. January 15 Write off accounts receivable as uncollectible, $1,200. January 20 Pay cash for salaries, $31,700. January 22 Receive cash on accounts receivable, $73,000. January 25 Pay cash on accounts payable, $5,800. January 30 Pay cash for utilities during January, $14,000. 5. Prepare a classified balance sheet as of January 31, 2021. (Deductible amount should be indicated with by a minus sign.) 3D Family Fireworks Balance Sheet 5. Prepare a classified balance sheet as of January 31, 2021. (Deductible amount should be indicated with by a minus sign.) 3D Family Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets Current Liabilities: $ Accounts Payable Salaries Payable 2,600 33,800 Cash Accounts Receivable Allowance for Uncollectible Accounts Interest Receivable Supplies Notes Receivable 84,100 15,100 13,550 115 es 850 Total Current Liabilities 36,400 23,000 36,400 + + Total Current Assets Long-term assots: Land 136,715 Total Liabilities Stockholders' Equity 77,300 Common Stock Retained Earings 99,000 63,515 Total Stockholders' Equity 214,015 Total Liabilities & Stockholders' Equity 162,515 198,915 $ Total Assets $