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In addition, the following transactions occurred during 2024 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $27,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $15,000. November 15 write off customer accounts of $9,500 as uncollectible. The following information is available on December 31. a. Estimate that 10\% of the balance of accounts receivable (after transactions in requirement 1) will not be collected. (Hint. Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncollectible accounts.) b. Accrue interest on the note receivable of $50,000, which was accepted on October 1,2024 . Interest is due each September 30. Answer is not complete. 1. Record each of the transactions listed above in the 'General Journal' tab. Review the 'General Ledger' and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab. 3. Review the adjusted 'Trial Balance' as of December 31, 2024, in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended December 31, 2024, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of December 31, 2024 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab. 7. Using the information from the requirements above, complete the 'Analysis' tab. Answer is not complete. Each journal entry is posted automatically to the general ledger. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing account balance. The option you choose will be the values used to populate the tria balance, income statement and balance sheet tabs. General Leds Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Answer is not complete. ihoose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which ill then populate the balances in those accounts from the adjusted trial balance. Answer is not complete. Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which wi then populate the balances in those accounts from the adjusted trial balance. (Amounts to be deducted should be entered in minus sig Answer is not complete. ing the information from the requirements in the previous tabs, complete the 'Analysis' tab
