Check Required information [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 partial list of transactions during the first quarter a. During January, the company provided services for $47000 on credit. b. On January 31, the company estimated bad debts using 2 percent of credit sales. c On February 4, the company collected $23,500 of accounts receivable. d. On February 15, the company wrote off a $150 account receivable. e. During February, the company provided services for $37000 on credit. fOn February 28, the company estimated bad debts using 2 percent of credit sales. g. On March 1, the company loaned $2,600 to an employee, who signed a 6 % note, due in 6 months. h. On March 15, the company collected $150 on the account written off one month earlier On March 31, the company accrued interest earned on the note. JOn March 31, the company adjusted for uncollectible accounts, based on an Doubtful Accounts has an unadjusted credit balance of $1,270. aging analysis (below). Allowance for Number of Daya Unpaid 31-60 0-30 Total 61-90 Customer Over 90 Alabana Tourisn Bayaide Bungalows others (not shown to save space) Xciting Xcursions Total Accounts Receivable Estimated Uncollectible (8) 230 110 90 30 470 470 18,600 390 7,500 9,100 1,100 900 390 $8,000 $9,190 10% $1,130 204 $1,370 30% $19.690 38 2. Prepare the journal entries for items (a)-(), (If no entry is required for a transaction/event, select "No Journal Entry Required" in co Next > of 7 6 4 of 7 5 6 of 7 4 6 of 7 4 5 6 of 7 4 6 5 4 of 7 of 7 5 6 4 Prev L5 ound intermediate calculations.) al Entry Re View transaction list Journal entry worksheet 5 1 6 8 11 Record the receipt of cash of $150 from the customer. Note: Enter debits before credits. Debit Credit General Journal Transaction h(2). Next > of 7 6 5 Prev View transaction list Journal entry worksheet 1 6 5 7 8 10 11 Record the interest accrued on the note as of March 31. Note: Enter debits before credits. Credit Debit General Journal Transaction i. Next > of 7 6 4 ( Prev tO S5 View transaction list Journal entry worksheet 5 1 4 6 7 8 10 11 Record the adjusting entry for bad debts as of March 31 using the aging of accounts receivable method. Note: Enter debits before credits Transaction General Journal Debit Credit j. CSD Next> 4 of 7