PLEASE CONFIRM THIS PART: At the end of January, $$3,400$ of accounts receivable are past due, and the company estimates that $15\%$ of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that $5\%$ will not be collected. The note receivable of $$23,200$ is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

On January $1,2024,$ the general ledger of $3$D Family Fireworks includes the following account balances:

Accounts Debit Credit

Cash $ $24,900$

Accounts Receivable $14,600$

Allowance for Uncollectible Accounts $ $1,600$

Supplies $2,900$

Notes Receivable $(6\%,$ due in $2$ years$)23,200$

Land $53,200$

Accounts Payable $5,300$

Common Stock $70,700$

Retained Earnings $41,200$

Totals $ $118,800$ $ $118,800$

During January $2024,$ the following transactions occur:

$1.$ January $2$ Provide services to customers for cash, $$27,400.$

$2.$ January $6$ Provide services to customers on account, $$67,200.$

$3.$ January $15$ Write off accounts receivable as uncollectible, $$1,000.$

$4.$ January $20$ Pay cash for salaries, $$31,100.$

$5.$ January $22$ Receive cash on accounts receivable, $$69,300.$

$6.$ January $25$ Pay cash on accounts payable, $$3,800.$

$7.$ January $30$ Pay cash for utilities during January, $$9,700.$

The following information is available on January $31,2024.$

At the end of January, $$3,400$ of accounts receivable are past due, and the company estimates that $15\%$ of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that $5\%$ will not be collected. The note receivable of $$23,200$ is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

Supplies at the end of January total $$740.$

Accrued interest revenue on notes receivable for January. Interest is expected to be received each December $31.$

Unpaid salaries at the end of January are $$27,500.$