On January $1,2021,$ the general ledger of Boomer Company includes the following account balances:

Accounts Debit Credit

Cash $ $86,000$

Accounts Receivable $57,000$

Allowance for Uncollectible Accounts $ $7,000$

Inventory $46,000$

Building $86,000$

Accumulated Depreciation $26,000$

Land $216,000$

Accounts Payable $36,000$

Notes Payable $(7\%,$ due in $3$ years$)42,000$

Common Stock $116,000$

Retained Earnings $264,000$

Totals $ $491,000$ $ $491,000$

The $$46,000$ beginning balance of inventory consists of $460$ units, each costing $$100.$

During JanuaryOn January $1,2021,$ the general ledger of Boomer Company includes the following account balances:

The $$46,000$ beginning balance of inventory consists of $460$ units, each costing $$100.$

During January $2021,$ the following transactions occurred:

January $2$ Received a $$36,0006-$month, $4\%$ note on a loan Boomer made to Cowboys, Inc.

January $5$ Purchased $5,700$ units of inventory on account for $$741,000($ $$130$ each$)$ with terms $\frac{1}{10},\frac{n}{30}.$

January $8$ Returned $120$ defective units of inventory purchased on January $5.$

January $15$ Sold $5,500$ units of inventory on account for $$825,000($ $$150$ each$)$ with terms $\frac{2}{10},\frac{n}{30}.$ Record $2$ entries for

this transaction.

January $17$ Customers returned $300$ units sold on January $15.$ These units were originally purchased by Boomer on January

The units were placed in inventory to be sold in the future. Record $2$ entries for this transaction.

January $20$ Received cash from customers on accounts receivable. This amount includes $$52,000$ from $2020$ plus amount

receivable on sale of $5,000$ units sold on January $15.$

January $21$ Wrote off remaining accounts receivable from $2020.$

January $24$ Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount

owed from purchase of $5,300$ units on January $5.$

January $28$ Paid cash for salaries during January, $$44,000.$

January $29$ Paid cash for utilities during January, $$26,000.$

January $30$ Paid dividends, $$5,000.$

The following information is available on January $31,2021$ for adjusting entries at the end of the month.

a$.$ Boomer estimated that $10\%$ of the January $31$ accounts receivable balance will not be collected.

b$.$ Accrued interest on notes receivable for January.

c$.$ Accrued interest on notes payable for January.

d$.$ Accrued income taxes at the end of January f $2021,$ the following transactions occurred:

January $2$ Received a $$36,0006-$month, $4\%$ note on a loan Boomer made to Cowboys, Inc.

January $5$ Purchased $5,700$ units of inventory on account for $$741,000($$$130$ each$)$ with terms $1/10,$ n$/30.$

January $8$ Returned $120$ defective units of inventory purchased on January $5.$

January $15$ Sold $5,500$ units of inventory on account for $$825,000($$$150$ each$)$ with terms $2/10,$ n$/30.$ Record $2$ entries for this transaction.

January $17$ Customers returned $300$ units sold on January $15.$ These units were originally purchased by Boomer on January $5.$ The units were placed in inventory to be sold in the future. Record $2$ entries for this transaction.

January $20$ Received cash from customers on accounts receivable. This amount includes $$52,000$ from $2020$ plus amount receivable on sale of $5,000$ units sold on January $15.$

January $21$ Wrote off remaining accounts receivable from $2020.$

January $24$ Paid on accounts payable. The amount includes the amount owed at the beginning of the period plus the amount owed from purchase of $5,300$ units on January $5.$

January $28$ Paid cash for salaries during January, $$44,000.$

January $29$ Paid cash for utilities during January, $$26,000.$

January $30$ Paid dividends, $$5,000.$

The following information is available on January $31,2021$ for adjusting entries at the end of the month.

Boomer estimated that $10\%$ of the January $31$ accounts receivable balance will not be collected.

Accrued interest on notes receivable for January.

Accrued interest on notes payable for January.

Accrued income taxes at the end of January for $$6,600.$

Depreciation on the building, $$3,600.$Record each of the transactions listed above in the 'General Journal' tab $($these are shown as items $1-13)$ assuming a FIFO perpetual inventory system. Record adjusting entries on January $31.$ in the 'General Journal' tab $($these are shown as items $14-18).$ Record the closing entries in the 'General Journal' tab $($these are shown as items $19$ and $20).($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$