calculated in the general ledger.) c. Accrued interest revenue on notes receivable for January d. Unpaid salaries at the end of January are $33,400. e. Accrued income taxes at the end of January are $9,800. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare the journal entries for transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet General Journal Credit No 1 Date Jan 01 Debit 20,300 Equipment Cash 20,300 2 Jan 04 10,300 Accounts Payable Cash 10,300 Jan 08 90,900 Inventory Accounts Payable 90,900 4 Jan 15 22,800 Cash Accounts Receivable 22,800 5 Jan 19 30,600 Salaries Expense Cash 30,600 Chapter Seven Homework i Saved Help Save & Exit Submit Check my work On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances: Credit Debit $ 59,500 26,600 points $ 3,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 37,100 21,600 163,000 eBook 15,600 228,000 61,200 $307,800 $307,800 References During January 2021, the following transactions occur: January 1 Purchase equipment for $20,300. The company estimates a residual value of $2,300 and a five-year service life. January 4 Pay cash on accounts payable, $10,300. Purchase additional inventory on account, $90,900. January 15 Receive cash on accounts receivable, $22,800. January 19 Pay cash for salaries, $30, 600. January 28 Pay cash for January utilities, $17,300. January 30 Sales for January total $228,000. All of these sales are on account. The cost of the units sold is $119,000. The following information is available on January 31, 2021. a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. The company estimates future uncollectible accounts. The company determines $3,800 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) C. Accrued interest revenue on notes receivable for January. d. Unpaid salaries at the end of January are $33,400. e. Accrued income taxes at the end of January are $9,800