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Please answer the general journal. On January 1, 2018, the general ledger of 3D Family Fireworks includes the following account balances: Credit nts Cash S
Please answer the general journal.
On January 1, 2018, the general ledger of 3D Family Fireworks includes the following account balances: Credit nts Cash S 26.300 Accounts Receivable 14,800 3,200 Allowance for Uncollectible Accounts 3.700 16.000 Notes Receivable (6 %, due in 2 years) Land 80.100 on Stock 96.000 Retained Earnings 33.600 Totals $140,900 $140.900 During January 2018, the following transactions occur: January 2 Provide services customers for cash, $47.100 laquary 15 Write off accounts receivable as uncollectible $2 g00 January 20 Pay cash for salaries, $32,600. January 22 Receive cash on accounts receivable, $82,000. January 30 Pay cash for utilities during January, $14,900. The following information is available on January 31, 2018. a. The company estimates future uncollectible accounts. The company determines $4,100 of accounts receivable on January 31 are past due, and 20% remaining accounts receivable on January 31 are not past due, and 5% these accounts are estimated to be uncollectible, The f these accounts are estimated to be uncollectible, (Hint: Use the January 31 accounts receivable balance calculated in the general Supplies at the end of January total $850 c. Accrued interest revenue on notes receivable for January. Interest is expected d. Unpaid salaries at the end of January are $34,700. be received each December 31. General General Income Requirement Trial Balance Balance Sheet Analysis Journal Ledger Statement If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No Date General Journal Debit Credit 47,100 1 Jan 02 Cash Service revenue 47,100 84,400 2 Jan 06 Accounts receivable Service revenue 84,400 Allowance for uncollectible accounts 3 Jan 15 2,900 Accounts receivable 2,900 Salaries expense 32,600 4 Jan 20 Cash 32,000 5 Jan 22 Cash 82,000 Accounts receivable 82,000 Accounts payable 6 Jan 25 6,700 Cash 6,700 Utilities expense 7 Jan 30 14,900 14,900 Cash Bad debt expense 8 Jan 31 Allowance for uncollectible accounts 5 Jan 22 Cash 82,000 Accounts receivable 82,000 Accounts payable Jan 25 6,700 Cash 6,700 Utilities expense 7 Jan 30 14,900 Cash 14,900 Bad debt expense Jan 31 Allowance for uncollectible accounts Supplies expense 9 Jan 31 Supplies 10 Jan 31 Interest receivable Interest revenue Salaries expense 11 Jan 31 Salaries payable Jan 31 Salaries expense 12 Supplies expense Bad debt expense Utilities expense Retained earnings 13 Jan 31 X X CO LOStep by Step Solution
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