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.

The tollowing information apptes to the questions displayed below Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estmate bed debts but siwtiched at the end of the first querter this year to the aging of accounts receivable method. The company entered into the following partiel ist of transactions a During January, the company provided services for $310,000 on credt b On January 31, the company estimated bed debts using 1 percent of credit saies c On February 4, the company colected $155,000 of accounts recevabe d On February 15, the company wrote off a $700 account recelvable e During February, the company provided services for $260.000 on credt t On February 28, the company estimated bad debts using T percent of creat sales t the company loaned $12.000 to an employee, who signed a 8% note due in 3 months h On March 15, the company collected $700 on the account wrten off one month earler i On Merch 31, the company accrued interest earned on the note On Merch 3t, the company adjusted for uncollectible accounts, based on the tolowing aging analysis ces which includes the preceding transactions (as well as others not isted] Pror to the adjustment Allowance for Doubrfui Accounts had an unadjusted credit belance of $8.200 umber of Days Unpa Ergononie 900 3,100 Arrow E$ 400300 Asymnetry Architecture Others (not shown toave space) Weight Whittlers 200 3,100 98,700 37,500 50,0006,100 5,300 3.100 ,100 Total Accounts Receivable Estinated Uncolleetible ( 105,800 $41,000 $50,300 $6.300 200 31 158254 3. Show how Accounts Recelvable, Notes Receivabie, ang their related accounts wouid be seponted in the current assets section of a classiied baiance sheet at the end of the quater on March 31 Balance Sheet (Partial) Assets Curnent Assets Aliowance