For this question can you help me with the transaction of MAY 15 i got the amount wrong for that.

Having trouble calculating the amount of uncollectible and bad debts expense as well.Can you please help me with this.

Thanks

4. 15.(00 points value: IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30, 2017: April 10: Received an order from Peter's Appliances, a wholesaler, for 36 machines. April 30: Sold 54 machines to Yuri Inc. on credit. May 1: The purchasing manager of Peter's Appliances visited lceKreme's factory and purchased 40 machines on credit, instead of the 36 machines that were previously ordered May 5: Yuri Inc. paid for the machines purchased on April 30. May 7: Sold 20 machines to Cheng Ltd. on credit. May 10: Wrote off $16,000 of accounts receivable that were considered uncollectible. These receivables May 15: June 1: June 30: relate to sales made prior to April 1, 2017 Peter's Appliances returned three defective machines and paid the amount due. Received $96,000 from Cheng Ltd. on account. Recovered $3,700 from the receivables that were written off on May 10. Additional information is as follows: : IceKreme sold all machines at $6,000 per unit. . All of IceKreme's sales were on credit with terms 3/10, n/30. IceKreme's records included the following items and their balances as at March 31, 2017: Accounts receivable Allowance of doubtful accounts (credit balance) Net sales $ 74,000 22,800 740,000 Required 2. The company uses the aging of accounts receivable method to determine the amount of bad debt expense. The estimated uncollectible rates for the various age groups are as follows: (Hint: Use a timeline to keep track of accounts receivable in order to determine the age of these receivables.) Aging of accounts receivable Not yet 1-30 days past 31-60 days past due 5% due 15% Over 60 days past due 20% Estimated % uncollectible 10% a. Determine the amount of receivables that may not be collectible in the future Amount t of uncollectible 15599 b. Prepare the journal entry to record bad debt expense at June 30, 2017, the company's fiscal year-end. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal Debit Credit June 30 Bad debt expense Allowance for doubtful accounts