Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) Record the adjusting entry for uncollectible accounts.

The general ledger of Pop's Fireworks includes the following account balances in 2024 : In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $10,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were original charged $6,500. November 15 Write off customer accounts of $2,700 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint. Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accou b. Accrue interest on the note receivable of $16,000, which was accepted on October 1,2024 . Interest is due each September 30 Each journal entry is posted automatically to the general ledger. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing account balance. The option you choose will be the values used to populate the trial balance, income statement and balance sheet tabs. General Ledger Account \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 0 \\ \hline 2 & June 08,2024 & 130 & & 130 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 16,600 \\ \hline 7 & December31,2024 & & 16,600 & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January01,2024 & & & 71,200 \\ \hline 7 & December31,2024 & & 71,200 & 0 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Utilities Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 25,100 \\ \hline 7 & December31,2024 & & 25,100 & 0 \\ \hline \end{tabular} The general ledger of Pop's Fireworks includes the following account balances in 2024 : In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $10,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were original charged $6,500. November 15 Write off customer accounts of $2,700 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint. Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accou b. Accrue interest on the note receivable of $16,000, which was accepted on October 1,2024 . Interest is due each September 30 Each journal entry is posted automatically to the general ledger. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing account balance. The option you choose will be the values used to populate the trial balance, income statement and balance sheet tabs. General Ledger Account \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Sales Discounts } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 0 \\ \hline 2 & June 08,2024 & 130 & & 130 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Supplies Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 16,600 \\ \hline 7 & December31,2024 & & 16,600 & 0 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Salaries Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & January01,2024 & & & 71,200 \\ \hline 7 & December31,2024 & & 71,200 & 0 \\ \hline \end{tabular} \begin{tabular}{|r|c|c|c|r|} \hline \multicolumn{5}{|c|}{ Utilities Expense } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 25,100 \\ \hline 7 & December31,2024 & & 25,100 & 0 \\ \hline \end{tabular}