on January 1, 2021 the general ledger of freedom fireworks includes the following account balances

On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Inventory Land Buildings Allowance for Uncollectible Accounts Accumulated Depreciation Accounts Payable Common Stock Retained Earnings Totals Debit $ 12,400 36, 400 153,200 79,300 132,000 Book rences S 3,000 10,800 30,900 212,000 156,600 $413,300 $413, 300 During January 2021, the following transactions occur: January 1 Borrow $112,000 from Captive Credit Corporation. The installment note bears interest at 68 annually and matures in 5 years. Payments of $2,165 are required at the end of each month for 60 months. January 4 Receive $32,200 from customers on accounts receivable. January 10 Pay cash on accounts payable, $23,000. January 15 Pay cash for salaries, $30,100. January 30 Firework sales for the month total $201,000. Sales include $66,200 for cash and $134,800 on account. The cost of the units sold is $118,500. January 31 Pay the first monthly installment of $2,165 related to the $112,000 borrowed on January 1. Round your int rest calculation to the nearest dollar. The following information is available on January 31, 2021. Journal entry worksheet Journal entry worksheet