The company estimates future uncollectible accounts. The company determines $4,000 of accounts receivable on January 31 are past due, and 20% of these accounts are estimated to be uncollectible. The remaining accounts receivable on January 31 are not past due, and 5% of these accounts are estimated to be uncollectible. (Hint: Use the January 31 accounts receivable balance calculated in the general ledger.) Supplies at the end of January total $800.
Accrued interest revenue on notes receivable for January.
Interest is expected to be received each December 31.
Unpaid salaries at the end of January are $34,600.