On January 1 Year 1, the general ledger of a company includes the following account balances Accounts Debit Credit $ 59,00 25,600 5 2,5 Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (51, due in 2 years Land Accounts Payable Common Stock Retained Earnings Totals 36,600 15,600 158,00 15, 10 223.000 54,200 52914, BD $294.00 January 1 Purchase equipment for $19,90e. The company estimates a residual value of $1,800 and a six-year service life. January 4 Pay cash on accounts payable, 59, Bee. January 8 Purchase additional inventory on account, $85,900. January 15 Heceive cash on accounts receivable, $22,380. January 19 Pay cash for salaries, $30,100. January 28 Pay cash for January utilities, $16,600. January 30 Sales for January total $223,eed. A11 of these sales are on account. The cost of the units sold is $116,5ee. Information for adjusting entries. a. Depreciation on the equipment for the month of January is calculated using the straight-line method b. The company estimates future uncollectible accounts. The company determines $3,300 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) c. Accrued Interest revenue on notes receivable for January d. Unpaid salaries at the end of January are $32.900 . Accrued income taxes at the end of January are $9.300