REQUIREMENT 1:

1. Provide services to customers for cash, $35,100.

2. Provide services to customers on account, $72,400.

3. Write off accounts receivable as uncollectible, $1,000.

4. Pay cash for salaries, $31,400.

5. Receive cash on accounts receivable, $70,000.

6. Pay cash on accounts payable, $5,500.

7. Pay cash for utilities during January, $13,700.

8. At the end of January, $5,000 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $20,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.

9. Supplies at the end of January total $700.

10. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31.

11. Unpaid salaries at the end of January are $33,500.

12. Record the closure revenue accounts.

13. Record the closure expense accounts.

REQUIREMENT 2:

REQUIREMENT 3:

REQUIREMENT 4:

REQUIREMENT 5:

On January 1,2021 , the general ledger of 3D Family Fireworks includes the following account balances: During January 2021 , the following transactions occur: 1. January 2 Provide services to customers for cash, $35,100. 2. January 6 Provide services to customers on account, $72,400. 3. January 15 Write off accounts receivable as uncollectible, $1,000. 4. January 20 Pay cash for salaries, $31,400. 5. January 22 Receive cash on accounts receivable, $70,000. 6. January 25 Pay cash on accounts payable, $5,500. 7. January 30 Pay cash for utilities during January, $13,700. The following information is available on January 31,2021. 8. At the end of January, $5,000 of accounts receivable are past due, and the company estimates that 20% of these accounts will not $20,000 is considered fully collectible and therefore is not included in the estimate of ancole 9. Supplies at the end of January total $700. 11. Unpaid salaries at the end of January are $33,500. Each journal entry is posted automatically to the general ledger. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. General Ledger Account Notice the dropdown below that gives the options to select the unadjusted, adjusted or post-closing trial balance. The option you choose will be the values used to populate the income statement and balance sheet tabs. Prepare an income statement for the period ended January 31,2021 . Choose the appropriate accounts to complete the company's income statement. The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Prepare a classified balance sheet as of January 31,2021 . Choose the appropriate accounts to complete the company's balance The unadjusted, adjusted, or post-closing balances will appear for each account, based on your selection. Jsing the information from the requirements above, complete the 'Analysis' tab. (Enter your Accounts receive atio in 1 decimal place and Ratio of allowance for uncollectible accounts in whole number.)