Exercise $9-24($Static$)$ Complete the accounting cycle using long$-$term liability transactions $($LO$9-2,9-8)$

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On January $1,2024,$ the general ledger of Freedom Fireworks includes the following account balances:

$\backslash$table$[[$Accounts$,$Debit,Credit$],[$Cash$,$$$11,200,],[$Accounts Receivable,$34,000,],[$Allowance for Uncollectible Accounts,,$$1,800$