On January 1,2024, the general ledger of 3D Family Fireworks includes the following account balances:" During January 2024, the following transactions occur: January 2 Provide services to custoners for cash, $44,100, January 6 Provide services to custoners an account, $81,409. January 15 Wirite oft accounts receivable as uncollectible, \$2,2e0. (Assune the company uses the allowance method) January 28 Pay cash for salarjes, 532,300 . January 22 Receive cash on accounts receivable, $79,000. January 25 pay cash on accounts payable, $6,400. January 30 Pay cash for utitities during January, $14,600. The following information is avallable on January 31, 2024. a. The compary estimates future uncoliectible accounts. The company determines $5,900 of accounts recelvable on January 31 age 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 occounts are estimated to be uncollectible. (Hint Use the Jonuory 31 accounts receivable balance calculated in the general ledger to splt total accounts recelvable into the $5,900 post due and the remaining amount not past due) b. Supplies at the end of January total $700. All other supples have been used. c. Accrued imterest revenue on notes receivable for January. Interest is expected to be received each December 31. d. Unpoid salaties at the end of January are $34,400. On January 1,2024, the general ledger of 3D Family Fireworks includes the following account balances:" During January 2024, the following transactions occur: January 2 Provide services to custoners for cash, $44,100, January 6 Provide services to custoners an account, $81,409. January 15 Wirite oft accounts receivable as uncollectible, \$2,2e0. (Assune the company uses the allowance method) January 28 Pay cash for salarjes, 532,300 . January 22 Receive cash on accounts receivable, $79,000. January 25 pay cash on accounts payable, $6,400. January 30 Pay cash for utitities during January, $14,600. The following information is avallable on January 31, 2024. a. The compary estimates future uncoliectible accounts. The company determines $5,900 of accounts recelvable on January 31 age 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 occounts are estimated to be uncollectible. (Hint Use the Jonuory 31 accounts receivable balance calculated in the general ledger to splt total accounts recelvable into the $5,900 post due and the remaining amount not past due) b. Supplies at the end of January total $700. All other supples have been used. c. Accrued imterest revenue on notes receivable for January. Interest is expected to be received each December 31. d. Unpoid salaties at the end of January are $34,400
