On January $1,2024,$ the general ledger of $3$D Family Fireworks includes the following account balances:

Accounts Debit Credit

Cash $$26,900$

Accounts Receivable $15,100$

Allowance for Uncollectible Accounts $$1,500$

Supplies $4,000$

Notes Receivable $(6\%,$ due in $2$ years$)19,000$

Land $80,400$

Accounts Payable $11,000$

Common Stock $99,000$

Retained Earnings $33,900$

Totals $$145,400$ $$145,400$

During January $2024,$ the following transactions occur:

January $2$ Provide services to customers for cash, $$50,100.$

January $6$ Provide services to customers on account, $$87,400.$

January $15$ Write off accounts receivable as uncollectible, $$3,500.($Assume the company uses the allowance method$)$

January $20$ Pay cash for salaries, $$32,900.$

January $22$ Receive cash on accounts receivable, $$85,000.$

January $25$ Pay cash on accounts payable, $$7,000.$

January $30$ Pay cash for utilities during January, $$15,200.$

The following information is available on January $31,2024.$

a$.$ The company estimates future uncollectible accounts. The company determines $$4,400$ of accounts receivable on January $31$ are past due, and $20\%$ of these accounts are estimated to be uncollectible. The remaining accounts receivable on January $31$ are not past due, and $5\%$ of these accounts are estimated to be uncollectible. $($Hint: Use the January $31$ accounts receivable balance calculated in the general ledger to split total accounts receivable into the $$4,400$ past due and the remaining amount not past due.$)$

b$.$ Supplies at the end of January total $$700.$ 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$.$ Unpaid salaries at the end of January are $$35,000.$

$1.$ Record each of the transactions listed above in the 'General Journal' tab $($these are shown as items $1$ to $7).$ 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 $($these are shown as items $8$ to $11).$

$3.$ Review the adjusted 'Trial Balance' as of January $31,2024,$ in the 'Trial Balance' tab.

$4.$ Prepare an income statement for the period ended January $31,2024,$ in the 'Income Statement' tab.

$5.$ Prepare a classified balance sheet as of January $31,2024$ in the 'Balance Sheet' tab.

$6.$ Record the closing entries in the 'General Journal' tab $($these are shown as items $12$ and $13).$

$7.$ Using the information from the requirements above, complete the 'Analysis' tab.