no idea about the Bad debt expense and the analysis?

1 100 points Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (64, due in 2 years) Land Accounts Payable Connon Stock Retained Earnings Totals Debit Credit $ 26,100 14,700 $3,000 3,680 15,000 80,000 7,900 95.000 33.500 $139,400 $139,400 Book Print o Beferences During January 2021, the following transactions occur January 2 Provide services to customers for cash. $46,100. January 6 Provide services to customers on account, $83,400. January 15 Write off accounts receivable as uncollectible, $2,500. January 20 Pay cash for salaries, 532,500. January 22 Receive cash on accounts receivable. $81,000. January 25 Pay cash on accounts payable, 56,600. January 30 Pay cash for utilities during January, 514,800. The following information is available on January 31, 2021 a. The company estimates future uncollectible accounts. The company determines $4,000 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) b. Supplies at the end of January total $800. Accrued interest revenue on notes receivable for January Interest is expected to be received each December 31 d. Unpaid salaries at the end of January are $34,600 General General Requirement Income Trial Balance Balance Sheet Analysis Journal Ledger Statement Each journal entry is posted automatically to the general ledger Notice the dropdown below that gives the options to select a AccessUH ezto.mheducation.com Question 1 - Accounting Cycle 22 - Connect RECERRERAGE Accounting Cycle #2 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Saved Help Save & EX Return 1 No Date General Journal Credit 1 Jan 02.2021 Cash Service Revenge Delt 46,100 OO 100 46,100 points 2 Jan 05.2021 Accounts Receivable Service Revenge 63.400 83.400 3 Jan 15, 2021 Allowance for Uncollectible Accounts Accounts Receivable 2.500 OO 2.500 4 Jan 20.2021 Sales Expense Cash 32.500 OO 32.500 5 Jan 22, 2021 * Cash Accounts Receivable 81,000 81.000 6 Jan 25, 2021 Acounts Payable Cash Oo 0.600 6.000 7 Jan 30, 2021 Us Expense Cash 14.800 14.000 8 Jan 31, 2021 Bad Debt Expense Allowance for Uncollectible Account 00 1.330 1.330 W MC Graw Hall Prev 1 of 1 !!! Next AccessUH 00 ezto.mheducation.com a Question 1 - Accounting Cycle #2 - Connect inting Cycle #2 Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Saved He 1 Allowance for Uncollectible Accounts > 1,330 3 9 Jan 31, 2021 Supplies Expense Supplies 2,800 2,800 10 Jan 31, 2021 Interest Receivable Interest Revenue 75 75 11 Jan 31, 2021 Salaries Expense Salaries Payable ol 34,600 34,600 12 Jan 31, 2021 Service Revenue Interest Revenue Income Taxes Puyable 129,500 75 129,575 13 Jan 31, 2021 36,030 O Income Tax Expense Salaries Expense Utilities Expense Bad Debt Expense Supplies Expenso 1 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis 100 points eBook Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closing 3D Family Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Cash 99,300 Accounts Payable 1,300 Accounts Receivable 14,600 Salaries Payable 34,600 Allowance for Uncollectible Accounts (1,830) Supplies 800 Notes Receivable 15,000 Total Current Liabilities 35.900 Interest Receivable 75 Print DE fo References 127,945 35.900 Total Current Assets Long-term assets Land Total Liabilities Stockholders' Equity Common Stock Retained Earnings 80,000 95,000 33,500 0 Total Stockholders' Equity $ 207.945 Total Liabilities & Stockholders' Equity 128,500 164.400 $ Total Assets Prev Mc Graw Hill 1 of 1 Next General General Income Requirement Tral Balance Journal Balance Sheet Ledger Statement Analysis Enter your Accounts Receivable turnover value in 1 decimal place and Ratio of Allowance for Uncollectible Accounts in Whole number Analyze how well 3D Family Fireworks manages its receivables (a) Calculate the receivables turnover ratio for the month of January (Hint: For the numerator, use total services provided to customers on account). If the industry average of the receivables turnover ratios for the month of January is 4. 4 times, is the company collecting cash from customers more or less efficiently than other companies in the same industry? Accounts Receivable tumover times The company is collecting more efficiently. (true or false) 5 (6) 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 customers on credit sales? Ratio of Allowance for Uncollectible Accounts to Accounts Recevablo % Should the company expect improving or worsening conditions? 1,330 3 9 Jan 31, 2021 Supplies Expense Supplies 2,800 2,800 10 Jan 31, 2021 Interest Receivable Interest Revenue 75 75 11 Jan 31, 2021 Salaries Expense Salaries Payable ol 34,600 34,600 12 Jan 31, 2021 Service Revenue Interest Revenue Income Taxes Puyable 129,500 75 129,575 13 Jan 31, 2021 36,030 O Income Tax Expense Salaries Expense Utilities Expense Bad Debt Expense Supplies Expenso 1 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis 100 points eBook Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closing 3D Family Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Cash 99,300 Accounts Payable 1,300 Accounts Receivable 14,600 Salaries Payable 34,600 Allowance for Uncollectible Accounts (1,830) Supplies 800 Notes Receivable 15,000 Total Current Liabilities 35.900 Interest Receivable 75 Print DE fo References 127,945 35.900 Total Current Assets Long-term assets Land Total Liabilities Stockholders' Equity Common Stock Retained Earnings 80,000 95,000 33,500 0 Total Stockholders' Equity $ 207.945 Total Liabilities & Stockholders' Equity 128,500 164.400 $ Total Assets Prev Mc Graw Hill 1 of 1 Next General General Income Requirement Tral Balance Journal Balance Sheet Ledger Statement Analysis Enter your Accounts Receivable turnover value in 1 decimal place and Ratio of Allowance for Uncollectible Accounts in Whole number Analyze how well 3D Family Fireworks manages its receivables (a) Calculate the receivables turnover ratio for the month of January (Hint: For the numerator, use total services provided to customers on account). If the industry average of the receivables turnover ratios for the month of January is 4. 4 times, is the company collecting cash from customers more or less efficiently than other companies in the same industry? Accounts Receivable tumover times The company is collecting more efficiently. (true or false) 5 (6) 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 customers on credit sales? Ratio of Allowance for Uncollectible Accounts to Accounts Recevablo % Should the company expect improving or worsening conditions?