Question: Required information Exercise 5-21 Complete the accounting cycle using receivable transactions (LO5-1, 5-4, 5-5, 5-7, 5-8) [The following information applies to the questions displayed below.]


![displayed below.] On January 1, 2021, the general ledger of 3D Family](https://s3.amazonaws.com/si.experts.images/answers/2024/06/665e096a04bf2_825665e0969f22a1.jpg)

Required information Exercise 5-21 Complete the accounting cycle using receivable transactions (LO5-1, 5-4, 5-5, 5-7, 5-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: During January 2021 , the following transactions occur: January 2 Provide services to customers for cash, $54,100. January 6 Provide services to customers on account, $91,400. January 15 Write off accounts receivable as uncollectible, $4,300. January 20 Pay cash for salaries, $33,300. January 22 Receive cash on accounts receivable, $89,000. January 25 Pay cash on accounts payable, $7,400. January 30 Pay cash for utilities during January, $15,600. 5. Prepare a classified balance sheet as of January 31, 2021. (Deductible amount should be indicated with by a minus sign.) Required information Exercise 5-21 Complete the accounting cycle using receivable transactions (LO5-1, 5-4, 5-5, 5-7, 5-8) [The following information applies to the questions displayed below.] On January 1, 2021, the general ledger of 3D Family Fireworks includes the following account balances: During January 2021 , the following transactions occur: January 2 Provide services to customers for cash, $54,100. January 6 Provide services to customers on account, $91,400. January 15 Write off accounts receivable as uncollectible, $4,300. January 20 Pay cash for salaries, $33,300. January 22 Receive cash on accounts receivable, $89,000. January 25 Pay cash on accounts payable, $7,400. January 30 Pay cash for utilities during January, $15,600. 5. Prepare a classified balance sheet as of January 31, 2021. (Deductible amount should be indicated with by a minus sign.)
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