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On January 1,2024 , the general ledger of Tripley Company included the following account balances: The $33,400 beginning balance of inventory consists of 334 units,

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On January 1,2024 , the general ledger of Tripley Company included the following account balances: The $33,400 beginning balance of inventory consists of 334 units, each costing $100. During January 2024 , the company had the following transactions: January 2 Lent $54,000 to an employee by accepting a 68 note due in six months. January 5 Purchased 5,200 units of inventory on account for $572,000 ( $110 each) with terms 1/10,n/30. January 8 Returned 100 defective units of inventory purchased on January 5. January 15 Sold 5,000 units of inventory on account for $820,000 ( $164 each) with terms 2/10,n/30. January 17 Customers returned 200 units sold on January 15. These units were initially purchased by the company on January 5. The units are placed in inventory to January 20 Received cash from customers on accounts receivable. This amount includes January 15 . 2023 plus amount receivable on sale of 4,400 units sold on January 21 Wrote off remaining accounts receivable from 2023. January 24 Paid on accounts payable. The amount includes the amount owed at the be sold in the future. January 20 Received cash from customers on accounts receivable. This amount includes $39,400 from 2023 plus amount receivable on sale of 4,400 units sold on January 15 . January 21 Wrote off remaining accounts receivable from 2023. January 24 Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount owed from purchase of 4,800 units on January 5 . January 28 Paid cash for salaries during January, $62,000. January 29 Paid cash for utilities during January, $44,000. January 30 Paid dividends, $6,400. Month-end adjusting entries: a. Of the remaining accounts receivable, the company estimates that 10% will not be collected. b. Accrued interest revenue on notes receivable for January. c. Accrued interest expense on notes payable for January. d. Accrued income taxes at the end of January for $8,400. e. Depreciation on the building, $5,400. Complete this question by entering your answers in the tabs below. Prepare the journal entries for transactions. Note: If no entry is required for a particular transaction/event, select "No journal entry required" in th

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