On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: Accounts Debit 26,100 14,700 Credit Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (6t, due in 2 years) Land $ 3,000 3,600 15,000 80,000 Accounts Payable 7,900 Common Stock 95,000 33,500 Retained Earnings $139,400 $139,400 Totals During January 2021, the following transactions occur: January 2 Provide services to customers for cash, $46,100. January 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 eash for utilities during January, $14, 800 6 Provide services to customers on account, $83,400. The following information is available on January 31, 2021 a. At the end of January, $4,000 of accounts receivable are past due, and the company estimates that 20% of hese accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5 % will not be collected. The note receivable of $15,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts 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. General Journal General Ledger Income Statement Requirement Trial Balance Balance Sheet Analysis Journal entry worksheet 3 8 5 6 7 Estimate that 45% of accounts receivable at the end of the year will not be received. Note: Enter debits before credits. Date General Journal Debit Credit es December 31, 2022 Bad Debt Expense Allowance for Uncollectible Accounts Record entry Clear entry View general journal View transaction list Journal entry worksheet 8 Record the adjusting entry for uncollectible accounts. Note: Enter debits before credits. Date General Journal Debit Credit Jan 31, 2021 Bad Debt Expense Allowance for Uncollectible Accounts Record entry Clear entry View general journal Requirement General Ledger 13