On January $1,2024,$ the general ledger of Tripley Company included the following account balances:

Accounts Debit Credit

Cash $ $238,000$

Accounts receivable $68,000$

Allowance for uncollectible accounts $ $33,800$

Inventory $32,800$

Building $212,800$

Accumulated depreciation $38,000$

Land $236,600$

Accounts payable $160,000$

Notes payable $(8\%,$ due in $3$ years$)204,000$

Common stock $110,600$

Retained earnings $241,800$

Totals $ $788,200$ $ $788,200$

The $$32,800$ beginning balance of inventory consists of $328$ units, each costing $$100.$ During January $2024,$ the company had the following transactions:

January $2$ Lent $$48,000$ to an employee by accepting a $6\%$ note due in six months.

January $5$ Purchased $4,900$ units of inventory on account for $$539,000($$$110$ each$)$ with terms $110/$

$,$ n$30/$

$.$

January $8$ Returned $100$ defective units of inventory purchased on January $5.$

January $15$ Sold $4,700$ units of inventory on account for $$742,600($$$158$ each$)$ with terms $210/$

$,$ n$30/$

$.$

January $17$ Customers returned $200$ units sold on January $15.$ These units were initially purchased by the company on January $5.$ The units are placed in inventory to be sold in the future.

January $20$ Received cash from customers on accounts receivable. This amount includes $$38,800$ from $2023$ plus amount receivable on sale of $4,100$ units sold on January $15.$

January $21$ Wrote off remaining accounts receivable from $2023.$

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 $4,500$ units on January $5.$

January $28$ Paid cash for salaries during January, $$56,000.$

January $29$ Paid cash for utilities during January, $$38,000.$

January $30$ Paid dividends, $$5,800.$

Month$-$end adjusting entries:

Of the remaining accounts receivable, the company estimates that $10\%$ will not be collected.

Accrued interest revenue on notes receivable for January.

Accrued interest expense on notes payable for January.

Accrued income taxes at the end of January for $$7,800.$

Depreciation on the building, $$4,800.$