On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 27,100 15,200 $ 4,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 4,100 20,000 80,500 8,900 100,000 34,000 $146,900 $146,900 During January 2021, the following transactions occur: January 2 Provide services to customers for cash, $51,100. January 6 Provide services to customers on account, $88,400. January 15 Write off accounts receivable as uncollectible, $3,700. January 20 Pay cash for salaries, $33,000. January 22 Receive cash on accounts receivable, $86,000. January 25 Pay cash on accounts payable, $7,100. January 30 Pay cash for utilities during January, $15,300. The following information is available on January 31, 2021. a. The company estimates future uncollectible accounts. The company determines $4,500 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 $750. 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 $35,100. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-7). 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 8-11). 3. Review the adjusted 'Trial Balance' as of January 31, 2021, in the 'Trial Balance' tab. 4. Prepare an income statement for the period ended January 31, 2021, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of January 31, 2021 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. Provide services to customers for cash, $51,100. Note: Enter debits before credits. Date General Journal Debit Credit Jan 02, 2021 Record entry Clear entry View general journal Each journal entry is posted automatically to the general ledger. Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing account balance. The option you choose will be the values used to populate the trial balance, income statement and balance sheet tabs. Unadjusted General Ledger Account Cash Accounts Receivable No. Date Debit Credit No. Date Debit Credit Balance 27,100 Balance 15,200 Jan 01, 2021 Jan 01, 2021 Allowance for Uncollectible Accounts Notes Receivable No. Date Debit Credit No. Date Debit Credit Balance Balance 4,000 Jan 01, 2021 Jan 01, 2021 20,000 Supplies Land No. Debit Credit No. Date Debit Credit Date Jan 01, 2021 Balance 4,100 Balance 80,500 Jan 01, 2021 Accounts Payable Common Stock No. Debit Credit No. Debit Credit Balance Date Jan 01, 2021 Balance 8,900 Date Jan 01, 2021 100,000 Retained Earnings Debit Credit No. Date Balance 34,000 Jan 01, 2021 Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Unadjusted 3D Family Fireworks Trial Balance January 30, 2021 Account Title Debit Credit Cash $ 27,100 15,200 4,000 20,000 4,100 Accounts Receivable Allowance for Uncollectible Accounts Notes Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Total 80,500 8,900 100,000 34,000 146,900 $ 146,900 $ Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Unadjusted 3D Family Fireworks Income Statement For Month Ended January 31, 2021 Revenue: Total Revenue Expenses: Total Expenses Trial Balance Balance Sheet > 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. Unadjusted 3D Family Fireworks Balance Sheet January 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Total Current Liabilities Total Current Assets Long-term assets: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets