why is "notes receivable" in the balance sheet wrong/what should go there instead? Also, what am I missing that makes this question incomplete?

Exercise 5-21 Complete the accounting cycle using receivable transactions (L05-1, 5-4,5-5, 5-7,5-8) (GL) Video walk-thru of problem format: https://vimeo.com/cdlvideo/review/312786263/532890829 Please see chapters 4/5 discussion board In Webcourses for additional assistance. On January 1, 2021, the general ledger of 3D Family Fireworks Includes the following account balances: Accounts Debit Credit Cash $ 25,500 Accounts Receivable 14,480 Allowance for Uncollectible Accounts $ 2,400 Supplies 3,388 Notes Receivable (6%, due in 2 years) 28,eee Land 77,888 Accounts Payable 9,400 Connon Stock 194,000 Retained Earnings 33,280 Totals $149, eee $149, eee During January 2021, the following transactions occur. January 2 Provide services to customers for cash, $43,189. January 6 Provide services to customers on account, $88,4ee. January 15 Write off accounts receivable as uncollectible, $2,688. January 20 Pay cash for salaries, $32,289. January 22 Receive cash on accounts receivable, $78,820. January 25 Pay cash on accounts payable, $6,300. January 38 Pay cash for utilities during January, $14,588. The following information is available on January 31, 2021. a. The company estimates and records bad debt expense (and adds to the Allowance account through this journal entry) at the end of each month. At the end of January, the company determines that determines $5.800 of the total Accounts Recevable account is over 90 days old, with the remaining A/R balance being current (Hint use the A/R balance in the General Ledger Tab). 20% of the A/R older than 90 days is estimated to be uncollectible, and 5% of the current balance is estimated to be uncollectible. Please calculate the amount that needs to be added to the Allowance account and Bad Debt Expense and complete the journal entry. (Watch video tutorial on this subject: https://vimeo.com/calvideo/review/254531867/7c9cc2a218) b. Supplies at the end of January total $650. c. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. d. Unpaid salaries at the end of January are $34.300. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 1. Record each of the transactions listed above in the 'General Journal' tab (these are shown as items 1-7). Review the 'General Ledger and the 'Trial Balance' tabs to see the effect of the transactions on the account balances. 2. Record the adjusting entries in the 'General Journal' tab (these are shown as items 8-11). 3. Review the adjusted 'Trial Balance' as of January 31, 2021, in the Trial Balance' tab. 4. Prepare an income statement for the period ended January 31, 2021, in the 'Income Statement' tab. 5. Prepare a classified balance sheet as of January 31, 2021 in the 'Balance Sheet' tab. 6. Record the closing entries in the 'General Journal' tab (these are shown as items 12 and 13). Requirement General Joumal > View transaction llat View journal entry worksheet No Date General Joumal Debit Credit 1 Jan 02, 2021 Cash 43.100 Service Revenue 43,100 2 Jan 06, 2021 80,400 Accounts Receivable Service Revenue 80,400 " 3 Jan 15, 2021 2.000 Allowance for Uncollectible Accounts Accounts Receivable 2.000 4 Jan 20, 2021 32.200 Salaries Expense Cash 32.200 5 Jan 22, 2021 78,000 Cash Accounts Receivable 78,000 E 6 Jan 25, 2021 6,300 Accounts Payable Cash 8,300 7 Jan 30, 2021 14,500 Utilities Expense Cash 14.500 8 Jan 31, 2021 1.210 Bad Debt Expense Allowance for Uncollectible Accounts 1.210 9 Jan 31, 2021 2,650 Supplies Expense Supplies 2.850 10 Jan 31, 2021 140 Interest Receivable Interest Revenue 140 11 Jan 31, 2021 34,300 Salaries Expense Salaries Payable 34.300 12 Jan 31, 2021 Service Revenue Interest Revenue Retained Earnings 123.500 140 123.840 13 Jan 31, 2021 84.880 Retained Earnings Salaries Expense Utilities Expense Supplies Expense Bad Debt Expense 68,500 14,500 2,650 1.210 & Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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. Post-closing 3D Family Fireworks Trial Balance January 31, 2021 Account Title Credit $ Debit 93,600 14,800 1,810 Cash Accounts Receivable Allowance for Uncollectible Accounts Notes Receivable Interest Receivable Supplies Land Accounts Payable Salaries Payable Common Stock Retained Earnings Total 28,000 1401 6501 77,8001 3,100 34,3001 104,000 71,980 214,990 214,900 $ Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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. Adjusted 3D Family Fireworks Income Statement For Month Ended January 31, 2021 Revenue: Service Revenue 123.500 Interest Revenue 140 Total Revenue 123.840 Expenses: Salaries Expense 68,500 Utilities Expense 14,500 Bad Debt Expense 1.210 Supplies Expense 2.650 OO OOOO Total Expenses Net Income 84.880 38,780 $ Answer is not complete. Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet 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. Adjusted 3D Family Fireworks Balance Sheet January 31, 2021 Liabilities Current Liabilities: Accounts Payable Salaries Payable lolc 3.100 34,300 Assets Current Assets: Cash Accounts Receivable Allowance for Uncollectible Accounts Supplies Notes Receivable Interest Receivable OOOOO 93.600 14.800 (1.610) 650 28.000 Total Current Liabilities 37,400 140 135,580 37.400 Total Current Assets Long-term assets: Land Total Liabilities Stockholders' Equity Common Stock Retained Earnings 77.800 OO 104,000 71,980 0 175,980 213,380 Total Stockholders' Equity Total Liabilities & Stockholders' Equity Total Assets $ 213.380 S