• Depreciation on the equipment for the month of January is calculated using the straight-line method. Record the adjusting entry for depreciation.
• The company estimates future uncollectible accounts. The company determines $3,000 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 3% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) Record the adjusting entry for uncollectible accounts.
• Accrued interest revenue on notes receivable for January. Record the adjusting entry for interest.

On January 1 , 2021 , the general ledger of TNT Fireworks includes the following account balances ." ACCOUNTS DEDIE CREDIT Cash 58 , 700 ACCOUNTS RECEIVEDLE 25, 000 Allowance For Uncollectible Accounts 2 , 200 5 INVENTORY 36 , 300 HOLES RECEIVEDLE 153 . QUE In 2 Years ) 12 , 000 Land 155, 000 ACCOUNTS PAVEDLE 14 , 890 Common Stock 220 , 000 Retained Earnings 50 , 000 Totals $207 , 000 $267 , 000 During January 2021 , the following transactions occur * January* 1 Purchase Equipment For $15 , 500 . The company Estimates a residual value OF $1 , 500 and a Five - VERY SERVICE LIFE . JANUARY ` Fay cash on ACCOUNT; PAYEDLE , $9 , 500 .` JanUARY ` Furchase additional inventory on account , $82 , 900 . JENUGLY $ 15 Receive cash on accounts RECEIVEDLE , $22 , 000 . January 19 Fay cash For salaries , $24, 600 .` January 2{ Pay cash For January utilities , $16, 500 .` January ] 30 Firework sales For January Total $220, 000 . ALL OF THESE SALES ARE On ACCOUNT . THE COST OF THE units 3010 13 5115, 000 . Information for adjusting entries :" 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, 000 of accounts receivable on 1 70:197 , 31 arm mart stion - ` And End of three aremints are motivated to ha " smallantital.` `The remaining aren'tinto