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The general ledger of Pop's Fireworks includes the following account balances in 2021: Accounts Cash Debit Credit $ 25,000 Accounts Receivable 51,000 Allowance for

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The general ledger of Pop's Fireworks includes the following account balances in 2021: Accounts Cash Debit Credit $ 25,000 Accounts Receivable 51,000 Allowance for Uncollectible Accounts Supplies $ 6,000 12,400 Notes Receivable (8%, due in 2 years) 48,000 Land Accounts Payable 104,000 Common Stock Retained Earnings 16,100 182,000 31,800 Service Revenue Salaries Expense Utilities Expense Supplies Expense 128,600 72,800 29,900 Totals 21,400 $364,500 $364,500 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June June 3 Provide additional services on account for $26,000. All services on account include terms 2/10, n/30. 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $14,500. November 15 Write off customer accounts of $9,100 as uncollectible. The following information is available on December 31. a. Estimate that 10% of the balance of accounts receivable (after the transactions listed above) will not be collected. b. Accrue interest on the note receivable of $48,000, which was accepted on October 1, 2021. Interest is due each September 30.

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