Required information The following information applies to the questions displayed below) On January 1 Year 1. the general ledger of a company includes the following account balances Accounts Debit Cash $126.900 Accounts Receivable 15,100 Allowance for Uncollectible Accounts $ 1,550 Supplies 4.00 Notes Receivable con due in 2 years) 19.000 Land 80,400 Accounts Payable 10,950 Common Stock 99. Retained Earnings 33,900 Totals 5145,480 $145,400 During January Year 1, the following transactions occur January 2 Provide services to custoners for cash, $50, 100. January 6 Provide services to customers on account, $87,400. January 15 Write off accounts receivable as uncollectable, $3,500. January 20 Pay cash for salaries, $32,900. January 22 Receive cash on accounts receivable, $85,000. January 25 Pay cash on accounts payable, $7.000. January 30 Pay cash for utilities during January, $15,20e. a. The company estimates future uncollectible accounts. The company determines $4,400 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) b. Supplies at the end of January total $700. 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 $35.000. 2. Record 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.) 23 of 24 !!! 18 19 20 Next > of 24 View transaction list Journal entry worksheet 3 4 1 2 Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. Record the adjusting entry for interest. Credit Debit Note: Enter debits before credits. General Journal Date January 31 View general ja Clear entry Record entry Journal entry worksheet 4 2 3 1