I have completed the first table.

For the second table, I just need assistance with calculating the bad debt expense and Allowance for Uncollectables

Required information Exercise 7-21B Complete the accounting cycle using long-term asset transactions (L07-4, 7-7) (The following information applies to the questions displayed below.) On January 1, Year 1, the general ledger of a company includes the following account balances: Credit Debit $ 59,600 26,800 $ 3,100 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 37,200 22,800 164.000 15,700 229.000 62.600 $310,400 $310,400 During January Year 1, the following transactions occur January 1 Purchase equipment for $20,400. The company estimates a residual value of $2,400 and a four-year service life. January 4 Pay cash on accounts payable, $10,400. January 8 Purchase additional inventory on account, $91,900. January 15 Receive cash on accounts receivable, $22,900. January 19 Pay cash for salaries, $30,700. January 28 Pay cash for January utilities, $17,400. January 30 Sales for January total $229,000. All of these sales are on account. The cost of the units sold is $119.500. Information for adjusting entries: a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. The company estimates future uncollectible accounts. The company determines $3,900 of accounts receivable on January 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 3% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) c. Accrued interest revenue on notes receivable for January. d. Unpaid salaries at the end of January are $33,500. e. Accrued income taxes at the end of January are $9,900. 1. Record each of the transactions listed above. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Credit Debit 20,400 January 01 Equipment Cash 20.400 January 04 10,400 Accounts Payable Cash 10,400 3 January 08 91,900 Inventory Accounts Payable 91,900 4 January 15 22,900 Cash Accounts Receivable 22,900 5 January 19 30,700 Salaries Expense Cash 30.700 6 January 28 17,400 Utilities Expense Cash 17,400 7 January 30 229,000 Accounts Receivable Sales Revenue 229,000 8 January 30 119,500 Cost of Goods Sold Inventory 119,500 Exercise 7-21B Part 2 2. Record the adjusting entries on January 31 for the above transactions. (If no entry is required for a particular transaction/event, select particular "No Journal Entry Required" in the first account field.) X Answer is complete but not entirely correct. No Credit Date January 31 General Journal Depreciation Expense Accumulated Depreciation Debit 375 375 January 31 4,920 Bad Debt Expense Allowance for Uncollectible Accounts 4,920 X January 31 Interest Receivable Interest Revenue 95 January 31 33,500 Salaries Expense Salaries Payable 33,500 January 31 Income Tax Expense 9,900 Income Tax Payable 9,900 Exercise 7-21B Part 3 3. Prepare an adjusted trial balance as of January 31, Year 1. Credit $ 4,920 X X Answer is not complete. Adjusted Trial Balance January 31, Year 1 Accounts Debit Cash $ 3,600 Accounts Receivable 232.900 Allowance for Uncollectible Accounts Inventory 9,600 Note Receivable 22,800 Land 164,000 Accounts Payable Common Stock Retained Earnings Equipment 20,400 Accumulated Depreciation Salaries Expense 64,200 Utilities Expense 17,400 Sales Revenue Cost of Goods Sold 119.500 Depreciation Expense Bad Debt Expense 4,920 X Interest Receivable 95 97,200 229,000 62,600 OOOOOOOOOOOOOOOOOOOOO 375 229,000 Interest Revenue 95 9.900 Income Tax Expense Income Tax Payable 9,900 Totals $ 669,690 S 633,090 Exercise 7-21B Part 4 4. Prepare a multiple-step income statement for the period ended January 31, Year 1. Answer is complete but not entirely correct. Multiple-Step Income Statement For the month ended January 31, Year 1 Sales Revenue $229,000 Cost of Goods Sold 119,500 Gross Profit $ 109,500 Expenses Salaries Expense 64,200 17,400 Utilities Expense OOO Depreciation Expense Bad Debt Expense 4,920 X Total Operating Expenses Operating Income Interest Revenue Income before taxes 86,895 22,605 95 22,700 9,900 12.800 Income Tax Expense Net Income $ Exercise 7-21B Part 5 5. Prepare a classified balance sheet as of January 31, Year 1. (Deductible amounts should be indicated with a minus sign.) X Answer is complete but not entirely correct. Balance Sheet January 31, Year 1 Assets Liabilities Cash $ $ 3,600 232,900 Accounts Payable Income Tax Payable Salaries Payable 97,200 9,900 33,500 Accounts Receivable Less: Allowance Interest Receivable Inventory 95 9,600 140,600 Total Current Assets Land Equipment Notes Receivable 229,000 Total Current Liabilities Stockholder's Equity Common Stock Retained Earnings 246,195 164,000 20,400 22,800 Less: Accumulated Depreciation Total Assets (375) 453,020 Total Stockholders' Equity Total Liabilities and Stockholders' Equity | 229,000 $ 369,600 Exercise 7-21B Part 6 6. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet Record the closing entry for revenues. Note: Enter debits before credits. Date General Journal Debit Credit January 31 Record entry Clear entry View general journal Exercise 7-21B Part 6 6. Record closing entries. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet Record the closing entry for expenses. Note: Enter debits before credits. Date General Journal Gener Debit Credit January 31 Record entry Clear entry View general journal