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Check my work (The following information applies to the questions displayed below.) Web Wizard, Inc., has provided information technology services for several years. For the

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Check my work (The following information applies to the questions displayed below.) Web Wizard, Inc., has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quarter, the company switched to the aging of accounts receivable method. The company entered into the following partia/list of transactions during the first quarter. a. During January, the company provided services for $36,000 on credit b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $18,000 of accounts receivable. d. On February 15, the company wrote off a $200 account receivable e. During February, the company provided services for $26,000 on credit On February 28, the company estimated bad debts using 1 percent of credit sales g. On March 1, the company loaned $2,800 to an employee, who signed a 6% note, due in 6 months n. On March 15, the company collected $200 on the account written off one month earlier 1. On March 31, the company accrued interest earned on the note. On March 31, the company adjusted for uncollectible accounts, based on an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1,160 Customer Alabana Tourism Bayside Bungalows Others (not shown to save space) Xciting xcursions Total Accounts Receivable Estimated Uncollectible (8) Total $ 200 350 16,300 380 $17.240 Number of Days Unpaid 0-30 31-60 61-98 Over 90 $ 120 $ 705 20 $360 6,400 8,000 1,200 700 380 36,900 $8,870 $1,210 24 104 204 $2,060 35 Required information 1. For items (0-0annlyze the transaction to determine effects on specific financial statement accounts and the overall accounting equation (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign. Do not round intermediate calculations.) - Han Assets Liabilities Stockholders' Equity G d 2301 Teol.doc +

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