On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances:

Accounts	Debit				Credit
Cash	$	26,100
Accounts Receivable		14,700
Allowance for Uncollectible Accounts					$	3,000
Supplies		3,600
Notes Receivable (6%, due in 2 years)		15,000
Land		80,000
Accounts Payable						7,900
Common Stock						95,000
Retained Earnings						33,500
Totals	$	139,400			$	139,400

During January 2021, the following transactions occur:

January		2		Provide services to customers for cash, $46,100.
January		6		Provide services to customers on account, $83,400.
January		15		Write off accounts receivable as uncollectible, $2,500.
January		20		Pay cash for salaries, $32,500.
January		22		Receive cash on accounts receivable, $81,000.
January		25		Pay cash on accounts payable, $6,600.
January		30		Pay cash for utilities during January, $14,800.

The following information is available on January 31, 2021.

1. The company estimates future uncollectible accounts. The company determines $4,000 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.)
2. Supplies at the end of January total $800.
3. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31.
4. Unpaid salaries at the end of January are $34,600

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.

General Journal Transactions:

• 1

  Provide services to customers for cash, $46,100.

• 2

  Provide services to customers on account, $83,400.

• 3

  Write off accounts receivable as uncollectible, $2,500.

• 4

  Pay cash for salaries, $32,500.

• 5

  Receive cash on accounts receivable, $81,000.

• 6

  Pay cash on accounts payable, $6,600.

• 7

  Pay cash for utilities during January, $14,800.

• 8

  The company estimates future uncollectible accounts. The company determines $4,000 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.) Record the adjusting entry for uncollectible accounts.

• 9

  Supplies at the end of January total $800. Record the adjusting entry for supplies.

• 10

  Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. Record the adjusting entry for interest.

• 11

  Unpaid salaries at the end of January are $34,600. Record the adjusting entry for salaries.

• 12

  Record the closing entry for revenue.

• 13

  Record the closing entry for expenses.

On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 26,188 14,780 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6%, due in 2 years) $ 3,00 3,600 15.00 88,eee Land Accounts Payable Connon Stock Retained Earnings Totals 7,900 95, eee 33,500 $139,480 $139,480 During January 2021, the following transactions occur. January 2 Provide services to customers for cash, $46,189. January 6 Provide services to customers on account, $83, 4ee. January 15 Write off accounts receivable as uncollectible, $2,588. January 20 Pay cash for salaries, $32,588. January 22 Receive cash on accounts receivable, $81,88e. January 25 Pay cash on accounts payable, $6,6e6. January 30 Pay cash for utilities during January, $14,888. The following information is available on January 31, 2021. a. The company estimates future uncollectible accounts. The company determines $4.000 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 $800. 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 $34.600. 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 $ 26,100 Accounts Receivable 14,700 Allowance for Uncollectible Accounts 3,000 Notes Receivable 15,000 Supplies 3,600 Land 80,000 Accounts Payable 7.900 Common Stock 95,000 Retained Earnings 33,500 Total 139,400 5 139,400 $