General LedgerTrial Balane Income Balance SheAnalysis Statement General RequirementJournal If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list 13 Provide services to customers for cash, $38,100. Provide services to customers on account, $75,400. Write off accounts receivable as uncollectible, $1,200. Pay cash for salaries, $31,700 Receive cash on accounts receivable $73,000. 1 2 3 4 Credit 5 6 Pay cash on accounts payable, $5,800 7 Pay cash for utilities during January, $14,000 8 Prepare the adjusting entry for uncollectible accounts. Note :journal entry has been entered Record entry Clear entry View general journal 6 Pay cash on accounts payable, $5,800. 13 for utilities during January,$ Pay cash 4,000. 8 Prepare the adjusting entry for uncollectible accounts. 9 Prepare the adjusting entry for supplies. 10 Prepare the adjusting entry for interest 11 Prepare the adjusting entry for salaries 12 Prepare the closing entry for revenue. 13 Prepare the closing entry for expenses Note:-journal entry has been entered Credit Record entry Clear entry View general journal Enter your Accounts Receivable turnover value in one decimal place and Ratio of Allowance for Uncollectible Accounts in Whole Analyze how well 3D Family Fireworks manages its receivables Calculate the receivables turnover ratio for the month of January (Hint: For the numerator, use total services provided to company collecting cash from oustomers more or less efficiently than other companies in the same industry? ccounts Receivable turnover: e company is collecting more efficiently. (true or false) (b) Calculate the ratio of Allowance for Uncollect ble Accounts to Accounts Receivable at the end of January. Based on a comparison of this ratio to the same ratio at the beginning of January. does the company expect an improvement or worsening in cash collections ftrom customers on credt sales? of Allowance for Uncollectible Accounts to Accounts Receivable hould the co y expect g or worsening conditions? KBalance Sheet Analysis