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 4 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals Debit Credit $ 59,100 25,880 $ 2,600 36,700 16,800 159,000 15,200 224,000 55,600 5297, 400 $297.400 During January Year 1, the following transactions occur January 1 Purchase equipment for $19,900. The company estimates a residual value of $1,900 an a five-year service life. January 4 Pay cash on accounts payable. $9.900 January B Purchase additional inventory on account, $86,900. January 15 Receive cash on accounts receivable, $22,408. January 19 Pay cash for salaries, $30,200. January 28 Pay cash for January utilities, $16,900. January 30 Sales for January total 5224,000. All of these sales are on account. The cost of the units sold is $117,000. Information for adjusting entries E R 3. Prepare an adjusted trial balance as of January 31, Year 1 of 4 Debit Credit Adjusted Trial Balance January 31. Year 1 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts IR