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I need help with the errors On January 1. 2024. the general ledger of 3D Family Fireworks Includes the following account balances: Accounts Cash Accounts
I need help with the errors On January 1. 2024. the general ledger of 3D Family Fireworks Includes the following account balances: Accounts Cash Accounts Recalyae Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable common stock Debit $25,388 14. 388 Credit $1,600 3,200 27,000 77,708 Retained tarnines Totals $147,500 9,800 103,000 33,100 $147,508 During January 2024, the following transactions occur. anuar January January 15 Provide services to customers for cash, 342,100. Provide services to customers on account, 379, 680 Write off accounts receivable as uncollectible, 31,800. (Assume the company January 20 Pay cash tor salarzes, 532,100 January 22 Receive cash on accounts receivable, $77,000. January 25 Pay cash on accounts payable. $6,200 January 30 Pay cash for utilities during January, 314,400. The following information is avallable on January 31. 2024. a. The company estimates future uncollectible accounts. The company determines $5.700 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due. and 5% of these accounts are estimated to be uncollectible. (Hint Use the January 31 accounts receivable balance calculated in the general ledger to split total accounts receivable into the $5.700 past due and the remaining amount not past due.) b. Supplies at the end of January total $600. All other supplies have been used. C. Accrued Interest revenue on notes receivable for January. Interest Is expected to be received each December 31. d. Unpald salarles at the end of January are $34,200 Durng datuly 20si Fe toiowng tarsactont scrur The forcueng int a mation is syolebie on Johusy 3t, 2024 d. Unodid sais es at the end of abnuay ate 534290 - = Durng datuly 20si Fe toiowng tarsactont scrur The forcueng int a mation is syolebie on Johusy 3t, 2024 d. Unodid sais es at the end of abnuay ate 534290 - =
On January 1. 2024. the general ledger of 3D Family Fireworks Includes the following account balances:
Accounts
Cash
Accounts Recalyae
Allowance for Uncollectible Accounts
Supplies
Notes Receivable (6%, due in 2 years)
Land
Accounts Payable
common stock
Debit
$25,388
14. 388
Credit
$1,600
3,200
27,000
77,708
Retained tarnines
Totals
$147,500
9,800
103,000
33,100
$147,508
During January 2024, the following transactions occur.
anuar
January
January
15
Provide services to customers for cash, 342,100.
Provide services to customers on account, 379, 680
Write off accounts receivable as uncollectible, 31,800. (Assume the company
January 20
Pay cash tor salarzes, 532,100
January 22
Receive cash on accounts receivable, $77,000.
January 25
Pay cash on accounts payable.
$6,200
January 30 Pay cash for utilities during January, 314,400.
The following information is avallable on January 31. 2024.
a. The company estimates future uncollectible accounts. The company determines $5.700 of accounts receivable on January 31 are
past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past
due. and 5% of these accounts are estimated to be uncollectible. (Hint Use the January 31 accounts receivable balance calculated in
the general ledger to split total accounts receivable into the $5.700 past due and the remaining amount not past due.)
b. Supplies at the end of January total $600. All other supplies have been used.
C. Accrued Interest revenue on notes receivable for January. Interest Is expected to be received each December 31.
d. Unpald salarles at the end of January are $34,200
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