ok nces On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Credit Cash Debit 23,300 40,000 Accounts Receivable Allowance for Uncollectible Accounts $4,500 Inventory 37,000 Land 72,100 Accounts Payable 28,900 37,000 Notes Payable (6%, due in 3 years) Common Stock 63,000 Retained Earnings 39,000 Totals $172,400 $172,400 aces a. At the end of January, the company estimates that the remaining units of Inventory are expected to sell in February for only $100 each, b. The company estimates future uncollectible accounts. The company determines $4,700 of accounts receivable on January 31 are past due, and 35% 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.) c. Accrued interest expense on notes payable for January, Interest is expected to be paid each December 31. d. Accrued Income taxes at the end of January are $13,000. ok nces On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: Accounts Credit Cash Debit 23,300 40,000 Accounts Receivable Allowance for Uncollectible Accounts $4,500 Inventory 37,000 Land 72,100 Accounts Payable 28,900 37,000 Notes Payable (6%, due in 3 years) Common Stock 63,000 Retained Earnings 39,000 Totals $172,400 $172,400 aces a. At the end of January, the company estimates that the remaining units of Inventory are expected to sell in February for only $100 each, b. The company estimates future uncollectible accounts. The company determines $4,700 of accounts receivable on January 31 are past due, and 35% 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.) c. Accrued interest expense on notes payable for January, Interest is expected to be paid each December 31. d. Accrued Income taxes at the end of January are $13,000