Journal entry: 1. Provide services to customers for cash, $39,100.2. Provide services to customers on account, $76,400.3. Write off accounts receivable as uncollectible, $1,400.4. Pay cash for salaries, $31,800.5. Receive cash on accounts receivable, $74,000.6. Pay cash on accounts payable, $5,900.7. Pay cash for utilities during January, $14,100.8, The company estimates future uncollectible accounts. The company determines $5,400 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) Record the adjusting entry for uncollectible accounts.9. Supplies at the end of January total $900. Record the adjusting entry for supplies.10. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31. Record the adjusting entry for interest.11. Unpaid salaries at the end of January are $33,900. Record the adjusting entry for salaries.12. Record the closing entry for revenue.13. Record the closing entry for expenses.there are separated parts to one question. thank you sm! # General Ledger and Transactions of 3D Family Fireworks## Account Balances as of January 1, 2021- **Cash**: $24,700- **Accounts Receivable**: $14,000- **Allowance for Uncollectible Accounts**: $1,600- **Supplies**: $2,900- **Notes Receivable (5%, due in 2 years)**: $24,000- **Land**: $77,400- **Accounts Payable**: $8,600- **Common Stock**: $100,000- **Retained Earnings**: $32,800**Total Debits and Credits**: $143,000## Transactions During January 2021- **January 2**: Provided services to customers for cash, $39,100.- **January 6**: Provided services to customers on account, $76,400.- **January 15**: Wrote off accounts receivable as uncollectible, $1,400.- **January 20**: Paid cash for salaries, $31,800.- **January 22**: Received cash on accounts receivable, $74,000.- **January 25**: Paid cash on accounts payable, $5,900.- **January 30**: Paid cash for utilities during January, $14,100.## Financial Information as of January 31, 2021### Additional Notesa. **Uncollectible Accounts**: The company estimates future uncollectible accounts. Accounts receivable on January 31 amount to $5,400. Out of these, 20% are past due and estimated to be uncollectible. The remaining accounts receivable are not past due, and 5% are estimated to be uncollectible.b. **Supplies**: Ending balance - $900.c. **Accrued Interest on Notes Receivable**: Interest is expected to be received each December 31.d. **Unpaid Salaries**: As of January end, unpaid salaries stand at $33,900.## Navigation Options:- **General Journal**- **General Ledger**- **Trial Balance**- **Income Statement**- **Balance Sheet**- **Analysis** ### Analyze How Well 3D Family Fireworks Manages its Receivables#### Instructions:- Enter your Accounts Receivable turnover value in 1 decimal place and the Ratio of Allowance for Uncollectible Accounts in a whole number.#### Tasks:(a) **Calculate the Receivables Turnover Ratio for the Month of January:**- **Hint:** For the numerator, use total services provided to customers on account.- If the industry average of the receivables turnover ratios for the month of January is 4.3 times, is the company collecting cash from customers more or less efficiently than other companies in the same industry? - **Accounts Receivable Turnover:** [Input Field] times - **The company is collecting more efficiently. (True or False):** [Input Field](b) **Calculate the Ratio of Allowance for Uncollectible Accounts to Accounts Receivable at the End of January:**- Based on a comparison of this ratio to the same ratio at the beginning of January, does the company expect an improvement or worsening in cash collections from customers on credit sales? - **Ratio of Allowance for Uncollectible Accounts to Accounts Receivable:** [Input Field] % - **Should the company expect improving or worsening conditions?** [Input Field]#### Navigation:- [Balance Sheet] [Analysis](Note: Fields are provided for data entry in a form-like interface, implying interaction for educational analysis.)

Name: Journal entry: 1. Provide services to customers for cash, $39,100.2. P
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Description: Journal entry: 1. Provide services to customers for cash, $39,100.2. Provide services to customers on account, $76,400.3. Write off accounts receivable as uncollectible, $1,400.4. Pay cash for salaries, $31,800.5. Receive cash on accounts receivable,