business / accounting / accounting questions and answers IceKreme Inc. Makes Ice Cream Machines For Sale To Ice... Question: IceKreme Inc. Makes Ice Cream Machines For Sale To Ice Cream Parlours. The Following... IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following event ceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30, 2014: April 10: Received an order from Peter's Appliances, a wholesaler, for 20 machines. May 1: The purchasing manager of Peter's Appliances visited iceKreme's factory and purchased 23 machines instead of the 20 machines that were previously ordered May 5: Yuri Inc. paid for the machines purchased on April 30. May 7: Sold 15 machines to Cheng Ltd. on credit May 10: Wrote off $17.000 of trade receivables that were considered uncollectible. These receivables relate to sales made prior to April 1, 2014 May 15: Peter's Appliances returned three defective machines and paid the amount due. June 1: Received $144,000 from Cheng Lid. on account June 30: Recovered $2,900 from the receivables that were written off on May 10. Additional information is as follows: IceKreme sold all machines at $12,000 per unit. All of IceKreme's sales were on credit with terms 3/10,n/30 IceKreme's records included the following items and their balances as at March 31, 2014: Trade receivables Allowance of doubtful accounts (credit balance) Net sales $ 58,000 18,000 580,000 Required: 1. Prepare the journal entries to record the transactions that occurred from April to June 30, 2014. (If no entry is required for a transactionlevent, select "No journal entry required" in the first account field.) Required: 1. Prepare the journal entries to record the transactions that occurred from April 1 to June 30, 2014. (If no entry is required for a transactionlevent, select "No journal entry required in the first account field.)