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Exerclse 7-37 (Algo) General Ledger Exerclse [LO7-5, 7-6, 7-7. 7-9] On Janusry 1,2024 , the genersi ledger of 30 Family Fireworks includes the following sccoumt
Exerclse 7-37 (Algo) General Ledger Exerclse [LO7-5, 7-6, 7-7. 7-9] On Janusry 1,2024 , the genersi ledger of 30 Family Fireworks includes the following sccoumt bolances: During Jsnusry 2024, the following trenssctions oceur. 1. Jinuary 2 Provide services to custoners for cash, \$28, eae. 2. Jinuary 6 Provide services to custoners on account, \$R2, eas. 3. Jinuary 15 write off accounts rocelvable as uncollectible, \$1,180. 4. Jinuary 26 pay cash for salarters, \$34,386. 5. Jinuary 22 focelwe cash on accosants recelvidie, $76,498. 6. Jinuary 25 pay cash on accounts payilise, $4,289. 7. Jinuary 39 pay cash for utilitivs du'ing Jinuary, \$16, Bas. The follawing informstion is svailsble on Jsnusry 31, 2024. 8. At the end of Jsnusry, $3,900 of sccounts recelvable sre past due, ond the compony est mstes that 20% of these sccounts wil not be co ected. Of the rems'ning sccounts recelvable, the compsny estimates that 5% wil not be collected. The nate recelvable of $25,600 is considered fully colectible and therefore is not included in the est mote of uncollectible sccounts. 9. Supples st the end of Jonusry tots $740. 10. Accrued Interest revenue on nates rece'voble for Jsnusry. Interest ls expected to be recelved each December 3L 11. Unpoid salaries at the end of Jsnusry are $29,800. Complete this question by entering your answers in the tabs below. Uaing the information from the requirements abave, complete the 'Analyais' tab. Note: Enter your Accounts recelvable turnover ratio in 1 decimal place and Ratio of alowonce for uncolibetible accounts in whale percentsoe
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