On January 1, 2024, the general ledger of TNT Fireworks includes the following occount bolances: During January 2024, the following transactions occur: Jatiuary 4 Phy eash bh aceounta payable, 110,200, January a purehase addittemal inveheery eo aceount, fst, 9 do i \$ahuary de Pay eash for. Jatruaty utilitiem, 117,260 . The following information is aveilable on January 31,2024 , a. Depreciatien on the equppent for the month of January is caiculated using the straight-ine method b. The company records an adjusting entry for $3,490 for estimated future uncollectible accounts. c. The company has accrued interest on noles recelvable for January d. Unpesd solaries owed to employees at the end of January are $33,300. e. The compary accrued income taxes at the end of 3 anuary $9,700. Prepare the joumal entries for thansactions (if no entry is required for a transactiondevern, lelect "No journal ontry required" in the frat. acceunt field.] Journal entry worksheet Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. balances will appear for each account, based on your selection. Adjusted The following information is available on January 31,2024 . a. Depreciation on the equipment for the month of January is caiculated using the sthight-line method. b. The company records an adjusting entry for $3,490 for estimated future uncollectible accounts. c. The company has accrued interest on notes receivable for January. d. Unpaid salaries owed to employees at the end of January are $33,300. e. The company accrued income taxes at the end of January $9,700. Using the informaton from the requirements above, complete the 'Arnalysis' tab. (Round nnal answers to 1 decim Analyze how well TNT FIreworks manages its assets: (a) Calculate the return on assets ratio for the month of January. If the average rotuen en assets for the industry in January is 2%, is the company more or loss prebitable than other companies in thet same industry? \begin{tabular}{|c|c|c|c|c|} \hline 13 & January 31 & Income Tax Expense & 9,700 & \\ \hline & & Income Tax Payable & 9,700 \\ \hline & & & & \\ \hline \end{tabular} On January 1, 2024, the general ledger of TNT Fireworks includes the following occount bolances: During January 2024, the following transactions occur: Jatiuary 4 Phy eash bh aceounta payable, 110,200, January a purehase addittemal inveheery eo aceount, fst, 9 do i \$ahuary de Pay eash for. Jatruaty utilitiem, 117,260 . The following information is aveilable on January 31,2024 , a. Depreciatien on the equppent for the month of January is caiculated using the straight-ine method b. The company records an adjusting entry for $3,490 for estimated future uncollectible accounts. c. The company has accrued interest on noles recelvable for January d. Unpesd solaries owed to employees at the end of January are $33,300. e. The compary accrued income taxes at the end of 3 anuary $9,700. Prepare the joumal entries for thansactions (if no entry is required for a transactiondevern, lelect "No journal ontry required" in the frat. acceunt field.] Journal entry worksheet Journal entry worksheet Record the entry to close the expense accounts. Note: Enter debits before credits. balances will appear for each account, based on your selection. Adjusted The following information is available on January 31,2024 . a. Depreciation on the equipment for the month of January is caiculated using the sthight-line method. b. The company records an adjusting entry for $3,490 for estimated future uncollectible accounts. c. The company has accrued interest on notes receivable for January. d. Unpaid salaries owed to employees at the end of January are $33,300. e. The company accrued income taxes at the end of January $9,700. Using the informaton from the requirements above, complete the 'Arnalysis' tab. (Round nnal answers to 1 decim Analyze how well TNT FIreworks manages its assets: (a) Calculate the return on assets ratio for the month of January. If the average rotuen en assets for the industry in January is 2%, is the company more or loss prebitable than other companies in thet same industry? \begin{tabular}{|c|c|c|c|c|} \hline 13 & January 31 & Income Tax Expense & 9,700 & \\ \hline & & Income Tax Payable & 9,700 \\ \hline & & & & \\ \hline \end{tabular}