O Required information Exercise 5-22A Complete the accounting cycle using receivable transactions (L05-1,5-2,5-4,5-5,5-7) (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 $ 21,200 Accounts Receivable 41,500 Allowance for Uncollectible Accounts $ 2,200 6,700 Notes Receivable (B, due in 2 years) 10,000 Land 85,000 Accounts Payable 12,300 Common Stock 106,000 Retained Earnings 29,900 Service Revenue 124,800 Salaries Expense 70,900 Utilities Expense 24,200 Supplies Expense 15,700 Totals $275,200 $275,200 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 $7,000. All services on account include terms 2/10, June 8 Receive cash from customers within 10 days of the services being provided on account. The customers were originally charged $5,000. November 15 Write off customer accounts of $1,500 as uncollectible. Exercise 5-22A Part 2 Required information Exercise 5-22A Part 2 7 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 field) a. Estimate that 10% of the balance of accounts receivable (after transactions in requirement will not be collected. b. Accrue interest on the note receivable of $10,000, which was accepted on October 1, 2021. Interest is due each September 30. View transaction ist Journal entry worksheet 2 Record the estimate of future bad debts No Ender debits before credits Date Dec 31, 2021 General Journal Debit Credit 1 Required information a. Estimate that 10% of the balance of accounts receivable after transactions in requirement will not be collected . Accrue interest on the note receivable of $10,000, which was accepted on October 1, 2021. Interest is due each September 30, View transaction list Doll Journal entry worksheet 2 int > Record the interest accrued on note receivable, rences Note: Enter debits before credits Date Dec 31, 2021 General Journal Debit Credit Record entry Clear entry View general Journal