On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balance Credit Debit $ 24,100 13,700 $ 1,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 2,600 21,000 77,100 8,000 97,000 32,500 $138,500 $138,500 During January 2021, the following transactions occur: January 2 Provide services to customers for cash, $36,100. January 6 Provide services to customers on account, $73,400. January 15 Write off accounts receivable as uncollectible, $800. January 20 Pay cash for salaries, $31,500. January 22 Receive cash on accounts receivable, $71,000. January 25 Pay cash on accounts payable, $5,600. January 30 Pay cash for utilities during January, $13,800. The following information is available on January 31, 2021. a. The company estimates future uncollectible accounts. The company determines $5,100 of accounts The following information is available on January 31, 2021. a. The company estimates future uncollectible accounts. The company determines 55,100 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 $33,600. Trial Balance Balance Sheet General Journal Income Statement Analysis General Ledger Requirement En equirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis nter your Accounts Receivable turnover value in 1 decimal place and Ratio of Allowance for Uncollectible Accounts in Analyze how well 3D Family Fireworks manages its receivables Calculate the receivables turnover ratio for the month of January (Hint: For the numerator, use total services provided to customers or count). If the industry average of the receivables turnover ratios for the month of January is 4.3 times, is the company collecting cash em customers more or less efficiently than other companies in the same industry? Ecounts Receivable turnover: times he company is collecting more efficiently. (true or false) True - Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Receivable at the end of January. Based on a comparison of is ratio to the same ratio at the beginning of January, does the company expect an improvement or worsening in cash collections from ustomers on credit sales? atio of Allowance for Uncollectible Accounts to Accounts Receivable % Improving hould the company expect improving or worsening conditions?