2 a. determine the amount of receivables that may not be collectible in the future as on June 30 of the current year

b. Prepare the journal entry to record bad debt expense at June 30 of the current year, the company's fiscal year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the bad debt expenses estimated for the period. Note: Enter debits before credits. Icekreme Inc makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30 of the curfent year: April 10 Received an order froe Peter's Appliances, a wholesaler, for 10 machines. April 30 Sold 15 machines to Yuri Inc, on credit. May 1 The purchasing manager of Peter's Appliances visited Icekrene's factory and purchased 12 machines on credit, instead of the 10 machines that were previously ordered. May 5 Yuri Inc. poid for the machines purchased on April 39. May 7 Sold 2 eachines to cheng Ltd. on credit. May 10 Wrote off $13,106 of accounts receivable that were considered uncollectible. These receivables relate to sales nade peior to April 1 of the current year. May 10 Peter's Appliances paid the anount due to Icekreme. June 30 Recovered $3,559 froe the recelvables that were written off on May 10. Additional information is as follows: - Icekreme sold all mochines at $15,500 per unit. - All of lcekreme's sales were on credit with terms n/30 - IceKreme's records included the following items and their balances as at March 31 of the current year 2. The compony uses the aging of accounts receivable method to determine the amount of bad debt expense. The estimated uncollectible rates for the various age groups are as follows: (Hint Use a timeline to keep track of accounts receivable in order to determine the age of these recelvables.) a Determine the amount of recelvables that may not be collectible in the future as on June 30 of the current year. 3. IceKreme's net accounts receivable were $80.000 at June 30 of the prior year. Calculate IceKreme's average collection period for the current fiscal year. (Use 365 days a year. Round intermediate calculations to 2 decimal places. Round the final answer to 1 decimal place.)