Execusmart Consultants has provided business consulting 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 this year to the aging of accounts receivable method. The company entered into the following partial list of transactions. a. During January, the company provided services for $220,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales C. On February 4, the company collected $110,000 of accounts receivable d. On February 15, the company wrote off a $600 account recelvablee e. During February, the company provided services for $170,000 on credit. f On February 28, the company estimated bad debts using 1 percent of credit sales On March 1, the company loaned $14,000 to an employee, wh signed a 9% note due in 3 months h. On March 15, the company collected $600 on the account written off one month earlier i. On March 31, the company accrued interest earned on the note j 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 $6,400. Number of Days Unpaid Customer Total 2,200 2,200 0-30 31-60 61-90 Over 90 Arrow Ergonomics Asymmetry Architecture Others (not shown to save space) Weight Whittlers $1,600700 $ 600 300 2,200 4,200 81,500 31,100 41,000 2,200 5,200 $87,500 $34,000 $41,600 $5,500 6,400 Total Accounts Receivable Estimated uncollectible (%) 4% 1 5% 25% 45% 2. Prepare the journal entries for items (a)-(). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Record service revenue of $220,000 sold on account during January 1 Record the adjusting entry for bad debts as of January 31, using 1 percent of credit sales method 2 3 Record the collection of $110,000 of outstanding accounts receivable on February 4 Credit Record the write-off of $600 accounts receivable on February 15 4 5 Record service revenue of $170,000 sold on account during February Note: journal entry has been entered Record entry Clear entry View general journal