On January 1, 2018, the general ledger of 3D Family Fireworks includes the following account balances:

Accounts		Debit		Credit
Cash		$ 23,900
Accounts Receivable		13,600
Supplies		2,500
Notes Receivable (6%, due in 2 years)		20,000
Land		77,000
Allowance for Uncollectible Accounts				$ 1,400
Accounts Payable				7,200
Common Stock				96,000
Retained Earnings				32,400
Totals		$137,000		$137,000

During January 2018, the following transactions occur:

January 2	Provide services to customers for cash, $35,100.
January 6	Provide services to customers on account, $72,400.
January 10	Write off accounts receivable as uncollectible, $1,000.
January 20	Pay cash for salaries, $31,400.
January 22	Receive cash on accounts receivable, $70,000.
January 25	Pay cash on accounts payable, $5,500.
January 30	Pay cash for utilities during January, $13,700.

1. Record the adjustment needed for the allowance for uncollectible accounts at 12/31. At the end of January, $5,000 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected.

2.Record the interest revenue on the (6%, due in 2 years) note receivable for January.

3.Record the interest revenue on the (6%, due in 2 years) note receivable for January.

4.Record the entry to close the revenue accounts.

5.Record the entry to close the expense accounts.