On Jonusry 1, 2024, the general ledger of 3D Fomily Fireworks includes the following account bolances: During Jonuary 2024 , the following trensactions occur: January 2 Provide services to custorers for cash, \$42, 100 . January 6 Provide services to custorers on account, \$79,48. January 20 Pay cash for salarics, \$32,1eg. January 22 Receive cash on accounts receivable, \$77, eae. January 25 Pay cash on accounts payable, $5,28. January 39 pay cash for utilitics during January, \$14,49e. 2. Record adjusting entries on January 31. (If no entry Is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) a. The compsny estimates future uncollectible accounts. The compony determines $5,700 of accounts receivable on Janusry 31 are post 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 accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger to split total accounts receivable into the $5,700 post due and the remaining amount not post due.) b. Supplies at the end of January total $600. All other supplies have been used. c. Accrued interest revenue on notes receivable for Janusry. Interest is expected to be received each December 31. d. Unpaid salaries ot the end of Jonuary are $34,200. Required Information [The following informotion opplies to the questions disployed below.] On Jsnuary 1, 2024, the general ledger of 3 D Fomily Fireworks includes the following account balsnces: During Jenuary 2024, the following trensections occur: January 2 Provide services to custorers for cash, \$42, 109 . January 6 Provide services to custorers on account, \$79,4e. January 15 Write off accounts receivable as uncollectible, $1, ged. (Assume the company uses the allowance method) January 29 pay cash for salarics, 532,189. January 22 Receive cash on accounts receivable, \$77, eae. January 25 Pay cash on accounts payable, \$5,28e. January 39 pay cash for utilitics during January, \$14,49e. 3. Prepare an acjusted trial balance as of January 31, 2024, after upodating beginning balances (above) for transactions during January (requirement i) and adjusting entries ot the end of Jonuary (requirement 2). Required information [The following informotion opplies to the questions disployed below.] On Jonuary 1, 2024, the general ledger of 3 D Fomily Fireworks includes the following account balances: During Jonuary 2024, the following trensactions occur: January 2 Provide services to custorers for cash, \$42,1e0. January 6 Provide services to custoners on account, $79,420. January 15 Write off accounts receivable as uncollectible, \$1, gee. (Assume the company uses the allowance method) January 20 Pay cash for salarics, \$32,1eg. January 22 Receive cash on accounts receivable, \$77, eae. January 25 Pay cash on accounts payable, \$5,28e. January 39 Pay cash for utilitics during January, \$14,49e. 4. Prepsre an income statement for the period ended January 31, 2024. Required information [The following informotion opplies to the questions disployed below.] On Jenuary 1, 2024, the general ledger of 3D Fomily Fireworks includes the following account bslences: During Jenuary 2024 , the following trensections occur: January 2 Provide services to custorers for cash, \$42, 1Eg. January 6 Provide services to custorers on account, $79,42. January 29 Pay cash for salarics, \$32, 129. January 22 Receive cash on accounts receivable, \$77, eae. January 25 Pay cash on accounts payable, \$5,2e. January 39 pay cash for utilities during January, \$14,49e. 5. Prepore a classified balance sheet ss of Jonuary 31, 2024 . (Amounts to be deducted should be indicated with a minus sign.) Required Information [The following informotion opplies to the questions disployed below.] On Jonuary 1, 2024, the general ledger of 3D Fomily Fireworks includes the following account balsnces: During Jenuary 2024, the following trensactions occur: January 2 Provide services to custorers for cash, \$42, 1ea. January 6 Provide services to custoners on account, \$79,48. January 29 pay cash for salarics, \$32,109. January 22 Receive cash on accounts receivable, $77, eae. January 25 Pay cash on accounts payable, \$5,28. January 3 pay cash for utilitics during January, \$14,4ae. 6. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Required Information [The following informotion opplies to the questions disployed below.] On Jonuary 1, 2024, the general ledger of 3D Fomily Fireworks includes the following account belances: During Jenuary 2024, the following transactions occur: January 2 Provide services to custorers for cash, \$42, 109. January 6 Provide services to custorers on account, \$79,4e. January 15 Write off accounts receivable as uncollectible, $1, ged. (Assume the company uses the allowance method) January 20 Pay cash for salarics, $32,109. January 22 Receive cash on accounts receivable, \$77, ege. January 25 pay cash on accounts payable, $5,2Re. January 39 pay cash for utilities during January, \$14, 49e. 7. Analyze how well 3D Family Fireworks maneges its receivables: a-1. Cslculate the receivables turnover ratio for the month of January. (Hint: For the numerator, use total services provided to customers on account.) (Round your final answer to 1 decimal place.) a-2. If the industry average of the receivables turnover ratios for the month of Janusry is 4.6 times, is the company collecting cosh from customers more or less efficiently than other companies in the same industry? b-1. Colculate the ratio of Allowsnce for Uncollectible Accounts to Accounts Receivable at the end of Jonuary. (Round percentage to 1 decimal place.) b.2. Based on a comparison of this ratio to the same ratio at the beginning of Janusry, does the company expect an improvement or worsening in cash collections from customers on credit sales