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General General Income Requirement Balance Sheet Journal Trial Balance Analysis Ledger Statement Using the information from the requirements in the previous tabs, complete the 'Analysis'
General General Income Requirement Balance Sheet Journal Trial Balance Analysis Ledger Statement Using the information from the requirements in the previous tabs, complete the 'Analysis' tab. Analyze the following information: (a) By how much does the year-end estimate of future uncollectible accounts reduce net income in 2024? nces Bad Debt Expense (b) What is the ending balance of Allowance for Uncollectible Accounts? Ending Balance of Allowance for Uncollectible Accounts (c) What amount of cash is expected to be collected from accounts receivable? Amount expected to be collected December 31, 2024 Assets Liabilities Current Assets: Current Liabilities: Cash 39,210 Accounts Payable 16.100 Accounts Receivable V 53,400 Allowance for Uncollectible Accounts 3,100 Supplies + 12,400 0 Total Current Liabilities 16,100 Total Current Assets 108,110 Total Liabilities 16,100 Long-term assets: Stockholders' Equity + Notes Receivable 48,000 Common Stock 182,000 Land 104,000 Retained Earnings 62,010 0 Total Stockholders' Equity 244,010 S 260,110 Total Assets $ 260,110 Total Liabilities & Stockholders' Equity Adjusted Pop's Fireworks Income Statement For the year ended December 31, 2024 Revenue: Service Revenue 154,600 Interest Revenue 960 Sales Discounts (290) 0 Total Revenue 155,270 Expenses: Salaries Expense 72,800 Supplies Expense 21,400 Bad Debt Expense 8.440 Utilities Expense 29,900 Total Expenses 132,540 Net Income 22,730
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