Required information [The following information applies to the questions displayed below.] On January 1, 2024, the general ledger of Freedom Fireworks includes the following account balances: During January 2024 , the following transactions occur: January 1 Borrow $119,000 from Captive Credit Corporation. The installment note bears interest at 6\% annually and matures in 5 years. Payments of $2,301 are required at the end of each month for 60 months . January 4 Receive $32,900 from customers on accounts receivable. January 10 Pay cash on accounts payable, $30,000. January 15 Pay cash for salaries, $30,800. January 30 Firework sales for the month total $210,800. The cost of the units sold is $122,000. January 31 Pay the first monthly installment of $2,301 related to the $119,000 borrowed on January 1 . The following information is available on January 31, 2024. 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 $27,400. b. The company estimates additional future uncollectible accounts of $1,628. c. Unpaid salaries at the end of January are $28,000. d. Accrued income taxes at the end of January are $9,900. e. The portion of Notes Payable (long-term) due within the next 12 months is reclassified as Notes Payable (current). The amount of the reclassification is $21,145. 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, reclassification is $21,145. 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 2 4 5 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 $27,400. Record the adjusting journal entry for depreciation for the month