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Elite Events Corporation has provided event planning services for several years. The company has been using the percentage of credit sales method to estimate bad

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Elite Events Corporation has provided event planning services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter to the aging of accounts recelvable method, The compary entered into the following partial list of transactions churing the first quants. a, During January, the company provided services for $250,000 on credit b. On January 31 , the company estimated bad debts using 2 percent of credit sales. ci On February 4, the company collected $200,000 of accounts recelvable. d On February 15, the company wrote off $2.500 account recelvable. e. During February, the company provided services for $200,000 on credit. 4 On February 28 , the company estimated bad debts using 2 percent of credit sales. 9. On March 1, the company loaned $20.000 to an employee who signed a 6% note, due in 9 months. h. On March 15, the company collected $2,500 on the account written off one month earlier. LOn March 31, the company accrued interest earned on the note. f. On March 31, the company adjusted for uncollectible accounts, based on the following aging analysis, which includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $8.500. repare the journal entries for items (a) to (i). (If no entry is required for o transaction/event, select "No Journal Entry Required" in e first occount field.)

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