I'm on required part 2a. I need help figuring this out. I tried taking 10%(41500+7000-5000-1500)=4200 but this was incorrect. I cant seem to figure this out. I Need some guidance.

Complete the transaction cycle using 5- 2, 5 - 4, 12 , 300 2 , 200 29 , 900 106 ,000 124 , 800 $ 27 5 , 200 Credit $ 6 , 700 10, 000 24 , 20 0 41 , 500 70, 90( 85, 00 0 15 , 700 $ 275 , 200 Debit $ 21 , 200 it `te the Receivables turnover ratio for the month of January ( Hint : For the numerator , receivables turnover ratios for the month of January is 4 . 2 times , is the company collecting Calculate the ratio of Allowance for Uncollectible 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 from 2 . Estimate that 10% of the balance of accounts receivable ( after transactions in requirement ! ) b . Accrue interest on the note receivable of $10 , 000 , which was accepted on October 1 , 2021. cash from customers more or less efficiently than other companies in the same industry ? for transactions during the year ( requirement 1 ) and adjusting entries at the end of the year 2 . Receive cash from customers within 10 days of the services being provided on account . The `` total services provided to customers on Account ) . If the industry average of the E5 - 22 The general ledger of Pop's Fireworks includes the following account balances in 2021 : 3 . Prepare an adjusted trial balance as of December 31 , 2021 , after updating account balances heel as of january 31 , 2021 1 . Provide additional services on account for $7 , 000. All services on account include terms In addition , the following transactions occurred during 2021 and are not yet reflected in the " well So Fondly Fireworks manages its receivables : Allowance for Uncollectible Accounts Notes Receivable ( 8% , due in 2 years ) 2 . Record the following adjusting entries on December 31 . 3 . Write off customer accounts of $1 , 500 as uncollectible* Accounts Receivable customers were originally charged $5 , 000 . 1 . Record each of the transactions listed above . Interest is due each September 30 .\\ Supplies Expense Accounts Payable Retained Earnings Salaries Expense Utilities Expense Service Revenue* Common Stock customers on credit sales ?` Totals Accounts Supplies Cash Land will not be collected . account balances above :` ( requirement 2 ) . 2 / 10 , 1 / 30 .\\ b . Required :"Saved View general journal eral Journal Allowance for Uncollectible Ad Record the estimate of future bad debts. Journal entry worksheet Dec 31. 2021 Bad Debt Expense Note: Enter debits before credits, Record entry . m Date ses (Static)