WON The following information applies to the questions splted below The general ledge of Pop's Fireworks includes the following account balances in 2021 Credit Debit $ 23,00 $4,500 10,500 36,000 Accounts Cash Accounts Receivable Allowance for uncollectible Accounts Supplies sutes Receivable, due tn 2 years) -Land Accounts Payable Conson Stock Retained Earnings Service Revenue Salaries Expense utilities Expense Supplies Expense Totals 14,900 150,00 31,200 25.10 19.40 5336,200 3336,200 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 $20,000. All services on account 8 receive cash from customers within 1 days of the services being provided on account. The customers were originally charged $81, see. November 15 write off customer accounts of 52,500 as uncollectible. June 2. Record the following adjusting entries on December 31. (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account feld) a. Estimate that 10% of the balance of accounts receivable after transactions in requirements will not be collected b. Accrue interest on the note receivable of $36,000, which was accepted on October 1, 2021. Interestis due each September 30 Journal entry worksheet Secreto read 2001 Required information The following information applies to the questions displayed below) The general ledger of Popis Fireworks includes the following account balances in 2021 Accounts Debit Credit Cash $ 23,00 Accounts Receivable 4,ede Allowance for Incollectible Accounts Supplies 10,6 Notes Receivable (64, due in 2 36,000 years) Land 98, Accounts Payable 14,900 Common Stock 153,000 Retained Earnings 31,200 Service Revenue 127,400 Salaries Expense 72,200 Utilities Expense 28,100 Supplies Expense 19,6ee Totals 5336, 3e $336,300 June in addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above 3 Provide additional services on account for $20,000. All services on account include terms 2/1e, n/3e. June Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged 311,500. November 15 write off customer accounts of $2,500 as uncollectible. 3. Prepare an adjusted trial balance as of December 31, 2021 POP'S FIREWORKS AddTu Bano December 2021 Accounts Cra d Tin horn to orch Required Information [The following information applies to the questions displayed below) The general ledger of Pop's Fireworks includes the following account balances in 2021 Account Debit Credit Cash $ 23, see Accounts Receivable 410, eee Allowance for uncollectible Accounts Supplies 10,600 Notes Receivable ( due in 2 years) 36,00 Land 95,000 Accounts Payable 14,900 Common stock 158,eee Retained Earnings 31,200 Service Revenue 127,400 Salaries Expense 72,200 uthrities Expense 28, 10e Supplies Expense 19.500 Totals $336,300 3336, 3ee In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above June Provide additional services on account for sze, eee. All services on account include terms 2/10, 1/30. June Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged 511,5ee. November 15 write off customer accounts of 52,000 as uncollectible. 5. Prepare a classified balance sheet as of December 31, 2021 (Amounts to be deducted should be Indicated with a minus sign.) POPS FIREWORKS Balance Der 01.221 Assets Talent Tool Qurrent Stockholders Equity Tocal Society Tool Libes and Stock Equity 5 Required information The following information applies to the questions displayed below) The general ledger of Pop's Fireworks includes the following account balances in 202 Accounts Cash $ 23,00 Accounts Receivable ce Allowance for uncollectible Accounts Supplies 10.500 Notes Receivable, due in 2 years) Land Accounts Payable 14,900 Common Stock 158,00 Retained Earnings 31,200 Service Revenue 127,40 Salaries Expense 72,200 utilities Expense 29,100 Supplies Expense 19,500 Totalt 5136,300 $336,300 In addition, the following transactions occurred during 2021 and are not yet reflected in the account balances above Provide additional services on account for $20,000. All services on account include tems 2/10, 1/30. June & Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $11,500. November 15 write off customer accounts of $2,000 as uncollectible. 6. Record closing entries. Ut no entry is required for a particular transaction event select "No Journal Entry Required in the first account field.) Journal entry worksheet > acer there C Required Information [The following information applies to the questions displayed below! The general ledger of Pop's Fireworks includes the following account balances in 2021 Accounts Debit Credit Cash $ 23,880 Accounts Receivable 48,000 Allowance for Uncollectible Accounts $4,800 Supplies 10,600 Notes Receivable (%, due in 2 years) 36,000 Land 98,000 Accounts Payable 14,900 Common Stock 158,000 Retained Earnings 31, 200 Service Revenue 127,480 Salaries Expense 72,200 Utilities Expense 28,100 Supplies Expense 19,600 Totals $336,300 $336,300 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 $20,000. 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, see. November 15 write off customer accounts of $2,800 as uncollectible. 7. Analyze the following Information: a. By how much does the year-end estimate of future uncollectible accounts reduce net income in 2021? b. What is the ending balance of Allowance for Uncollectible Accounts? c What amount of cash is expected to be collected from accounts receivable? Bad Debt Expense Ending Balance of Allowance for Uncollectible Accounts Amount expected to be collected