The unadjusted and adjusted trial balances for American Leaf Company on October 31, 20Y2, follow: American Leaf Company Trial Balance October 31, 20Y2 Unadjusted Adjusted Debit Balances Credit Balances Debit Balances Credit Balances Cash 284 284 Accounts Receivable 676 750 Supplies 213 160 Prepaid Insurance 346 208 Land 463 463 Equipment 713 713 Accumulated Depreciation-Equipment 143 233 Accounts Payable 463 463 Wages Payable 0 20 Les Huff, Capital 1,633 1,633 Les Huff, Drawing 147 147 Fees Earned 1,313 1,387 Wages Expense 426 446 Rent Expense 142 142 Insurance Expense 0 138 Utilities Expense 71 71 Depreciation Expense 0 90 Supplies Expense 0 53 Miscellaneous Expense 71 71 3,552 3,552 3,736 3,736 Journalize the five entries that adjusted the accounts at October 31, 20Y2. None of the accounts were affected by more than one adjusting entry.

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100