On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: During January 2021, the following transactions occur: 1. January 2. Provide services to eustomers for cash, $24,500. 2. January 6 Provide servicen to custoners on account, $61,700. 3. January 15 Write off accounts receivable as uncollectible, $900, 4. January 20 Pay cash for nalaries, $28,200. 5. January 22 Heceive cash on account receivable, \$62,900. 6. January 25 pay cakh on accounte payable, $4,320. 7. January 30 Pay eanh for uti11tien during January, $10,700. The following information is available on January 31,2021 . 8. At the end of January, $3,900 of accounts recelvable are past due, and the company estimates that 15% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $29,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. 9. Supplies at the end of January total $610. 10. Accrued interest revenue on notes receivable for January, Interest is expected to be recelved each December 31 . 11. Unpaid salaries at the end of January are $23,200, 11. Unpaid salaries at the end of January are $23,200. Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No jou in the first account field.) 11. Unpaid salaries at the end of January are $23,200. \begin{tabular}{|l|l|l|l|c|c|} \hline boints & Requirement & General Journal & General Ledger & Thil Balance & Income \\ Statement Balance Sheet Analysis \end{tabular} 8. At the end of January, $3,900 of accounts receivable are past due, and the company estimates that 15% of these accounts be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivabi $29,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. 9. Supplies at the end of January total $610. 10. Accrued interest revenue on notes recelvable for January, Interest is expected to be received each December 31. 11. Unpaid salaries at the end of January are $23,200. Prepare an income statement for the period ended January 31, 2021. Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. $29,000 is considered fully collectible and therefore is not included in the estimate of uncollectible account5. 9. Supplies at the end of January total $610. 10. Accrued interest revenue on notes recelvable for January. Interest is expected to be received each December 31 . 11. Unpaid salaries at the end of January are $23,200. Prepare a classified balance sheet as of January 31, 2021. Choose the appropriate accounts to complete the company's baiance sheet. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. 8. At the end of January, $3.900 of accounts receivable are past due, and the company estimates that 15% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $29,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts. 9. Supplies at the end of January total $610. 10. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. 11. Unpaid salaries at the end of January are $23,200. Using the information from the requirements above, complete the 'Analysis' tab. (Enter your Accounts recelvable turnover ratio in 1 decimal place and Ratio of allowance for uncollectible accounts in whole number.) (a) Calculate the receivables tumover ratio for the month of January (Hint For the numerator, use total services provided to (a) Calculate the roceivables turnover ratio for the month of January (Hint For the numerator, use total services provided to customers on account). If the industry average of the recelvables turnover ratios for the month of January is 4.2 times, is the company collecting cash from customers more of less efficiently than ther companies in the same industry? Accounts Receivable tumover: (b) Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Receivable at the end of January. Based on a comparison of this ratio to the same ratio at the beginning of January, does the company expect an improvement or worsening in cash collections from customers on credit sales