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please help me find the debit/credit amounts for transactions #7-14. ive also attached as much information as i could to help you. thank you so
please help me find the debit/credit amounts for transactions #7-14. ive also attached as much information as i could to help you. thank you so much in advance!! On January 1, 2021, the general ledger of Freedom Fireworks includes the following account balances: During January 2021, the following transactions occur: January 1 Borrow $106,000 from Captive credit corperation. The inatalinent note bears interest at 68 annually and natures in 5 yearn. Payments of $2,049 are required at the end of each month for 60 montha. January 4. Receive $31,600 from cuatonern on accounts receivable. January io pay canh on aceounts payable, $17,000. January 15 Pay cast for selaries, $29,500. January 30. Pirework saleo for the month total $196,200. Sales inelude $65,600 for eash and $130,600 on account, The cast January 31 of the untes sold is 5115,500 . January 31 Pay the f1rint monthly instalinent of $2,049 related to thet $106,000 borrowed on January 1. Round your interest ealeulation to the nearest do11ar. The following information is available on January 31, 2021. a. Depreciation on the building for the month of January is calculated using the straight-line method. At the time the building was purchased, the company estimated a service life of 10 years and a residual value of $24,600. b. At the end of January. $3,600 of accounts receivable are past due, and the company estimates that 50% of these accounts will not be collected, Of the remaining accounts receivable, the company estimates that 2% will not be collected. No accounts were written off as uncollectible in January. c. Unpaid salaries at the end of January are $26,700. d. Accrued income taxes at the end of January are $8,600. General Ledger Account \begin{tabular}{|r|r|r|r|r|} \hline & & & & 24,300 \\ \hline [as & 3 & Jan10 & 17,000 & 7,300 \\ \hline \end{tabular} 2.5 points. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{} & \multicolumn{2}{|c|}{ Retained eamings } \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 150.000 \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{2}{|c|}{\( \mid \multicolumn{2}{|c|}{ \) Common stock }} \\ \hline No. & Date & Debit & Credit & Balance \\ \hline & & & & 206,000 \\ \hline \end{tabular} \& General Journal Trlat Balance
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