Required information Exercise 5-22 (Static) Complete the accounting cycle using receivable transactions (LO5-1, 5-2,5-4, 5- 5.5-7) [The following information apples to the questions displayed below] The general ledger of Pop's Fireworks includes the following account balances in 2024 Acons Cash Accounts Receivable Allance for Uncollectible Accounts S Notes Receivable (, due in 2 years) Land Hunts Payable Cock Retained farnings Servies Reve Salaries Expan Credit 321,300 41,500 in addion, the fullowing transactions occurred during 2024 and are not yet reflected in the account balances above June Hover 15 Provide additional services an act for $7,000. All services an account include teres 3/10, n/ Receive cash from stars aithin 30 days of the services being provided w riginally charge Exercise 5-22 (Static) Part 2 2. Record the folowing adjusting entries on December 21 of 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 recs er ansactions in request will not be collected. Het Use the January 31 accounts receivable balance calculated in the general ledger to determine the total estimate of uncolectible accounts) b Accue interest on the note receivable f $10000 which was accepted on October 1, 2024 interests de each September 30