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Please do the accounting cycle On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: During January 2024 ,
Please do the accounting cycle
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 customers for cash, $54,160. January 6 Provide services to custoners on account, $91,460. January 15 Write off accounts receivable as uncollectible, 54, 3e0. (Assune the company uses the allowance nethod) January 20 Pay cash foc salaries, $33,300. January 22 Receive cash on accounts receivable, 589,eee. January 25 pay cash on accounts payable, 57,40e. January 30 Pay cash for utilities during Junuary, $15,600. The following information is available on January 31,2024 a. The company estimates future uncollectible accounts. The company determines $4,800 of accounts recelvable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remalning accounts recelvable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible, (Hint. Use the January 31 accounts recelvable balance calculated in the general ledger to spit total accounts recelvable into the 54,800 past due and the remaining amount not past due) b. Supplies at the end of January total $900. All other supplies have been used. c. Accrued interest revenue on notes recelvable for January. Interest is expected to be recelved each December 31. d Unpaid salaries at the end of January are $35,400 Prepare the journal entries for transactions, (If no entry is required for a particular transaction/event, select "No Journal Entry Step by Step Solution
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