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 Credits Debit $ 59,000 $2,500 ACCOUNT Mounts Receivabile Allowance in Uncollectie Accounts Inventory Notes tentatile (5x, doe in 2 years Land Accounts Payable Co Stack Retained Earnings Totals 15,600 158, 15,100 223,00 54,200 3204, 1211, During January Year 1. the following transactions occur January 1 Purchase went for 519, The company estimates residual value of $1,see and a six-year service life January Pay cash on accounts payable, 59,00 January Purchase additional inventory on account, 185,500 January 15 Receive cash on accounts receivable, 522,0 January 19 Pay cash for salaries. $1,100 January 2 Pay cash for January utilati, 111, January w Sales for January total 32211,00. All of these sales are on account. The cost of the units sold in 1116. Information for adjusting entries .. Depreciation on the equipment for the month of January is calculated using the straight-ine method 1. The company estimates future uncollectible accounts. The company determines $3.300 of accounts receivable on January 31are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 2% of these accounts are estimated to be uncollectible (Hint: Use the January 31 accounts receivable balance calculated in the general ledger c. Accrued Interest revenue on notes receivable for January d. Unpad salaries at the end of January are $32.900 e. Accrued income taxes at the end of January are $9.300 Prey of 4 H Next O E1