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Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to complete the company's balance sheet. Make sure to select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closing Pop's Fireworks Balance Sheet December 31, 2021 Assets Liabilities Current Assets: Current Liabilities: Cash $ 34,380 Accounts Payable $ 14,700 Accounts Receivable 49,200 10,300 Supplies Allowance for Uncollectible Accounts Interest Receivable (4,920) 680 Total Current Liabilities 14,700 Total Current Assets 89,640 Total Liabilities 14,700 Long-term assets: Land Stockholders' Equity Common Stock 97.000 tt 154,000 51,940 Notes Receivable 34,000 Retained Earnings 0 Total Stockholders' Equity 220,640 Total Liabilities & Stockholders' Equity 205,940 220,640 Total Assets $ $ Incamatamant Analysis C 07 The general ledger of Pop's Fireworks includes the following account balances in 2021: Credit Debit $ 23,600 47,500 30 points $ 4,600 10,300 34,000 97,000 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable (8), due in 2 years Land Accounts Payable Common Stock Retained Earnings Service Revenue Salaries Expense Utilities Expense Supplies Expense Totals eBook 14,700 154,000 31,100 127,200 72,100 27,800 19,300 $331,600 $331,600 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above: June 3 Provide additional services on account for $19,000. All services on account include terms 2/10, n/30. June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $11,000. November 15 write oft customer accounts of $6,300 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 $34,000, which was accepted on October 1, 2021. Interest is due each September 30. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare the journal entries for transactions. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Choose the appropriate accounts to complete the company's income statement. Select 'adjusted' from the dropdown, which will then populate the balances in those accounts from the adjusted trial balance. Post-closing Pop's Fireworks Income Statement For Month Ended December 31, 2021 Revenue: Service Revenue 0 0 0 0 Total Revenue $ 0 0 Expenses: Bad Debt Expense Supplies Expense Utilities Expense Salaries Expense 0 0 0 Total Expenses Net Income $ 0
