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I need help with these questions, please include formulas, Thank you! 10. Elite Events Corporation has provided event planning servizes for severnl years. The company

I need help with these questions, please include formulas, Thank you!

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10. Elite Events Corporation has provided event planning servizes for severnl years. The company uses the percentage of credit sales methed to estimate bad debts for internel monthly reporting purposes. At the end of each quarter. the company adjusts its reconds using the aging of accounts receivable method. The company entered into the folowing partal list or transactions during the first quartet transactionevent, setect 0 Journ. Entry Rogier. an the first iceount fale) a. During Jenuary, the company provided services for $360,000 on credit b.On January 31, the company estimated bad debts using 1 percent of credit ournal entry worksheet c.On February 4, the company collected $310,000 af accounts receivable d.On February 15, the company wrote off a $3,600 account recevable. e.During February, the company provided services for 530,000 on credit. f. On February 29, the company estimated bad debts using 1 percent of credit Record service revenue of $360,000 sold on occount g.On March 1, the company loaned $14,000 to an employee who signed a 6% note, due in 9 months h.On March 15, the company collected $3,600 on the account written off one month earier I. On March 31, the company accrued interest eamed on the note. j. On March 31, the company edjusted for uncollectible accounts, based on the following aging analysis. Allowance for Doubtful Accounts has an unecjusted credit balance of 59,600. Number of Days Unpaid 0.30 3160 61.90 Over 90 $ 2000 1000 1000 accounts would be reported in the current assets section of a classifed balance sheet Biggic Smal Others (not shown to save space) 101400 39,600 42600 9 ZZ Top 2,000 S 1,000 $ 1000 9600 7S0D 7600 Total Accounts Rocaivable Estimated uncollectible (%) Balance Sheet (partial) At March 31 $113,000 $4B,200 $43,800 10,800 $10,800 5% 50% 20% Current Assets: 1. For items (a-, analyze the amount and directionorof efflects on specific financial statement accounts and the overall accounting equation. Enter any decreases to account balances with a minus sign.) 4. Sales Revenue and Service Revenue are two income statement accounts that related to Accounts Receivable, Name two other accounts related to Accounts Receivable and Notes Receivable that would be reported on the statement and indicate whether each would appear before, or after, Inoome from Operations Elite Events would Income from Operations Income from

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