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During January 2024, the following transactions occur: January 1 Purchase equipoent for $21,000. The company estimates a residual value of $3,000 and a six year service 1 ife. January 4 Pay cash on accounts payablo, $11,000. January 8 Purchase additional inventory on accoant, $97,900. Jandary 15 Receive cash on nccount $ receivable, $23,500. Jamuary 19 Pay cash for salaries, $31,300. January 28 Pay cash for January utilities, $18,000 January 30 Pirovork sales for January total $235,000. All of these sales are on account. The cost of the units sold is $122,500. The following information is avallable on January 31, 2024. a. Depreciation on the equipment for the month of January is calculated using the straight-line memod. b. The company records an adjusting entry for $3,250 for estimated future uncollectible accounts: c. The company has accrued interest on notes recelvable for January. d. Unpald salaries owed to employees at the end of January are $34,100. e. The company accrued income taxes at the end of January $10,500. On January 1, 2024, the general ledger of TNT Fireworks Includes the following account balances: During January 2024, the following transactions occur: January 1 Purchase equipeent for $21,000. The company estinates a residual value of $3,000 and a six year service life. January 4 Pay cash on accounts payable, $11,000. January 8 Purchase additional inventory on account, $97,900. January 15 Receive cash on accounts receivable, $23,500. January 19 Pay cash for salaries, $31,300. even Homework B Sined Help Sove s Enit 4 my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indlicate compl \& Prey 9 of 9 III Next

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