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

Question: Record the closing entry for expenses.

On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Credit Debit $ 25,500 14,400 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts 2,400 Supplies Notes Receivable (6%, due in 2 years) 3,300 28,000 77,800 Land Accounts Payable Common Stock 9,400 104,000 33,200 Retained Earnings $149,000 $149,000 Totals During January 2021, the following transactions occur: 2 Provide services to customers for cash, $43,100 6 Provide services to customers on account, $80,400. January 15 Write off accounts receivable as uncollectible, 2,000. January January January 20 Pay cash for salaries, $32,200. January 22 Receive cash on accounts receivable, $78,000 January 25 Pay cash on accounts payable, $6,300. January 30 Pay cash for utilities during January, $14,500. .... The following information is available on January 31, 2021. The following information is available on January 31, 2021. a. The company estimates future uncollectible accounts. The company determines $5,800 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 $650. 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 $34,300