help me solve the rest of the blanks please! specifically bad debt. can you explain how you solved it at well? i will thumbs up

26 2 On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances Accounts Credit 7 points Debit $ 12,900 37,400 153,700 84,300 137.000 Door Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $3,500 11.30 36,400 217,000 157,100 $425,300 5425,300 During January 2021, the following transactions occur January 1 Borrow $117,000 fron Captive Credit Corporation. The installment note bears interest at 4% annually and matures in 5 years. Payment of $2.155 are required at the end of each month for 60 months. January 4 Receive 532,700 from customers on accounts receivable. January 10 Pay cash on accounts payable, $20,000 January 15 Pay cash for salaries, 330,000 January 30 rework sales for the month total 5198,000. Sales include $66,700 for cash and $131,200 on account. The cost of the January 11 May the first monthly installment of $2,195 related to the 5117,000 borrowed on January 1. Round your interest calculation to the nearest dollar The following information is available on January 31, 2021 a Depreciation on the building for the month of January is calculated using the straight line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of 527200 b Unpaid salaries at the end of January are $27,800 Accrued income taxes at the end of January are $9700 d $21641 of the long term note payable balance will be paid over the next year e. The company estimates and records bad debt expense and adds to the Allowance account through this joumal entivi at the end of MC 9 Jan 31 Bad debt expense Allowance for uncollectible accounts 10 Jan 31 27,800 > Salaries expense Salaries payable 27,800 11 Jan 31 Income tax expense Income tax payable 9,700 O > 9.700 12 Jan 31 21,641 Notos Payable (Long-term) Notes Payable (Current) 21641 13 Jan 31 198,000 Sales revenue Retained earnings 198.000 14 Jan 31 o 915 Retained earnings Depreciation expense Bad debt expense Salaries expense Income tax expense OOOO 58,400 9,700 Requirement Genere leder 26 2 On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances Accounts Credit 7 points Debit $ 12,900 37,400 153,700 84,300 137.000 Door Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals $3,500 11.30 36,400 217,000 157,100 $425,300 5425,300 During January 2021, the following transactions occur January 1 Borrow $117,000 fron Captive Credit Corporation. The installment note bears interest at 4% annually and matures in 5 years. Payment of $2.155 are required at the end of each month for 60 months. January 4 Receive 532,700 from customers on accounts receivable. January 10 Pay cash on accounts payable, $20,000 January 15 Pay cash for salaries, 330,000 January 30 rework sales for the month total 5198,000. Sales include $66,700 for cash and $131,200 on account. The cost of the January 11 May the first monthly installment of $2,195 related to the 5117,000 borrowed on January 1. Round your interest calculation to the nearest dollar The following information is available on January 31, 2021 a Depreciation on the building for the month of January is calculated using the straight line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of 527200 b Unpaid salaries at the end of January are $27,800 Accrued income taxes at the end of January are $9700 d $21641 of the long term note payable balance will be paid over the next year e. The company estimates and records bad debt expense and adds to the Allowance account through this joumal entivi at the end of MC 9 Jan 31 Bad debt expense Allowance for uncollectible accounts 10 Jan 31 27,800 > Salaries expense Salaries payable 27,800 11 Jan 31 Income tax expense Income tax payable 9,700 O > 9.700 12 Jan 31 21,641 Notos Payable (Long-term) Notes Payable (Current) 21641 13 Jan 31 198,000 Sales revenue Retained earnings 198.000 14 Jan 31 o 915 Retained earnings Depreciation expense Bad debt expense Salaries expense Income tax expense OOOO 58,400 9,700 Requirement Genere leder