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PLEASE SOLVE BY TODAY FIVE STARS: On January 1 , 2 0 2 4 , the general ledger of 3 D Family Fireworks includes the
PLEASE SOLVE BY TODAY FIVE STARS:
On January the general ledger of D Family Fireworks includes the following account balances:
Accounts Debit Credit
Cash $
Accounts Receivable
Allowance for Uncollectible Accounts $
Supplies
Notes Receivable due in years
Land
Accounts Payable
Common Stock
Retained Earnings
Totals $ $
During January the following transactions occur:
January Provide services to customers for cash, $
January Provide services to customers on account, $
January Write off accounts receivable as uncollectible, $Assume the company uses the allowance method
January Pay cash for salaries, $
January Receive cash on accounts receivable, $
January Pay cash on accounts payable, $
January Pay cash for utilities during January, $
The following information is available on January
a The company estimates future uncollectible accounts. The company determines $ of accounts receivable on January are past due, and of these accounts are estimated to be uncollectible. The remaining accounts receivable on January are not past due, and of these accounts are estimated to be uncollectible. Hint: Use the January accounts receivable balance calculated in the general ledger to split total accounts receivable into the $ past due and the remaining amount not past due.
b Supplies at the end of January total $ All other supplies have been used.
c Accrued interest revenue on notes receivable for January. Interest is expected to be received each December
d Unpaid salaries at the end of January are $
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