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 Credit Cash $ 27,900 Accounts Receivable 15,600 Allowance for Uncollectible Accounts $ 1,700 Supplies 4,500 Notes Receivable (6%, due in 2 years) 24,000 Land 80,900 Accounts Payable 12,800 Common Stock 104,000 Retained Earnings 34,400 Totals $152,900 $152,900 During January Year 1, the following transactions occur: January 2 Provide services to customers for cash, $55,100. January 6 Provide services to customers on account, $92,400. January 15 Write off accounts receivable as uncollectible, $4,500. January 20 Pay cash for salaries, $33,400. January 22 Receive cash on accounts receivable, $90,000. January 25 Pay cash on accounts payable, $7,500. January 30 Pay cash for utilities during January, $15,700. View transaction list > The company determines $4,900 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.) Record the adjusting entry for uncollectible accounts. and ng accounts Credit 2 Supplies at the end of January total $950. Record the adjusting entry for supplies. 3 Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. Record the adjusting entry for interest. Journal entry worksheet 1 2 3 4 The company estimates future uncollectible accounts. The company determines $4,900 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. General Journal Debit Credit Date January 31 Record entry Clear entry View general journal Journal entry worksheet Supplies at the end of January total $950. Record the adjusting entry for supplies. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal Journal entry worksheet Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. Record the adjusting entry for interest. Note: Enter debits before credits. General Journal Debit Credit Date January 31 Record entry Clear entry View general iournal Journal entry worksheet Unpaid salaries at the end of January are $35,500. Record the adjusting entry for salaries. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal