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On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances:

Accounts	Debit			Credit
Cash	$	22,500
Accounts Receivable		12,900
Allowance for Uncollectible Accounts				$	1,500
Supplies		2,600
Notes Receivable (6%, due in 2 years)		20,800
Land		59,700
Accounts Payable					5,800
Common Stock					77,200
Retained Earnings					34,000
Totals	$	118,500		$	118,500

During January 2021, the following transactions occur:

1.		January		2		Provide services to customers for cash, $25,200.
2.		January		6		Provide services to customers on account, $73,800.
3.		January		15		Write off accounts receivable as uncollectible, $1,000.
4.		January		20		Pay cash for salaries, $31,200.
5.		January		22		Receive cash on accounts receivable, $69,500.
6.		January		25		Pay cash on accounts payable, $4,570.
7.		January		30		Pay cash for utilities during January, $11,400.

The following information is available on January 31, 2021.

1. At the end of January, $4,100 of accounts receivable are past due, and the company estimates that 20% of these accounts will not be collected. Of the remaining accounts receivable, the company estimates that 5% will not be collected. The note receivable of $24,000 is considered fully collectible and therefore is not included in the estimate of uncollectible accounts.
2. Supplies at the end of January total $690.
3. Accrued interest revenue on notes receivable for January. Interest is expected to be received each December 31.
4. Unpaid salaries at the end of January are $25,300.

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