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AT&T LTE 8:44 PM The following information applies to the questions displayed below.] Web Wizard, Inc. has provided information technology services for several years. The

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AT&T LTE 8:44 PM The following information applies to the questions displayed below.] Web Wizard, Inc. has provided information technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following partial list of ansactions during the first quarter. During January the company provided services for $42.000 on On January 31, the company estimated bad debts using 1 percent of credit sales. On February 4, the company colected $21000 of accounts On February 15, the company wrote off a $200 account receivabl During February, the company provided services for S32,000 on On February 28, the companyestimated bad debts using 1percent of credit sales. On March 1, the company loaned $2.800 to an employee who signed a 6% note, due in 6 On March 15, the company collected $200 on the account written off one month earlier. On March 31, the company accrued interest eamed on the note. On March 31, the company adjusted for uncollectible accounts, based on an aging analysis below. Allowance for Doubtful Accounts has an unadusted credit balance of$1220 s 200 s 20 s 8. 1200 points Prepare the journal entries for items (a)-U. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field. Journal Entry Worksheet Record service revenue of s42,000 sold on actount during January. 27%

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