Exercise 7-37 (Algo) General Ledger Exercise [LO7-5, 7-6, 7-7, 7-9] On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals During January 2024, the following transactions occur: 1. January 2 2. January 6 3. January 15 4. January 20 Debit $ 24,900 14,600 Credit $ 1,600 2,900 23,200 53,200 5,300 70,700 41,200 $ 118,800 $ 118,800 Provide services to customers for cash, $27,400. Provide services to customers on account, $67,200. Write off accounts receivable as uncollectible, $1,000. Pay cash for salaries, $31,100. 5. January 22 Receive cash on accounts receivable, $69,300. 6. January 25 Pay cash on accounts payable, $3,800. 7. January 30 Pay cash for utilities during January, $9,700. The following information is available on January 31, 2024. 8. At the end of January, $3,400 of accounts receivable are past due, and the company estimates that 15% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $23,200 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. 9. Supplies at the end of January total $740. 10. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. 11. Unpaid salaries at the end of January are $27,500.