Required information Exercise 5-21 (Algo) Complete the accounting cycle using receivable transactions (LO51,54,55,57, 58) [The following information applies to the questions displayed below.] 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, $39,160. January 6 Provide services to customers on account, $76,400. January 15 Write off accounts receivable as uncollectible, $1,400. (Assume the company uses the allowance method) January 20 Pay cash for salaries, $31,800. January 22 Receive cash on accounts receivable, $74,600. January 25 Pay cash on accounts payable, $5,900. January 30 Pay cash for utilities during January, $14,100. 2. Record adjusting entries on January 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) a. The company estimates future uncollectible accounts. The company determines $5,400 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint Use the January 31 accounts receivable balance calculated in the general ledger to split total accounts receivable into the $5,400 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 receivable for January. Interest is expected to be received each December 31 . d. Unpaid salaries at the end of January are $33,900. Journal entry worksheet The company estimates future uncollectible accounts. The company determines $5,400 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts Journal entry worksheet The company estimates future uncollectible accounts. The company determines $5,400 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts Note: Enter debits before credits