I need helping find the solution for 29b! I have completed all other journal entries besides this one! I have included all information given for the journal account entries and inlcuded a picture of the problem I need help with.

This is the infromation provided for the problem:

Project 2: Review of Merchandising Cycle

[The following information applies to the questions displayed below.]

Wallys Widget Company (WWC) incorporated near the end of 2011. Operations began in January of 2012. WWC prepares adjusting entries and financial statements at the end of each month. Balances in the accounts at the end of January are as follows:

Cash	$	21,170		Unearned Revenue (40 units)	$	5,200
Accounts Receivable	$	12,200		Accounts Payable (Jan Rent)	$	3,000
Allowance for Doubtful Accounts	$	(1,750)		Notes Payable	$	14,500
Inventory (45 units)	$	3,825		Contributed Capital	$	6,700
				Retained Earnings Feb 1, 2012	$	6,045

	WWC establishes a policy that it will sell inventory at $165 per unit.
	In January, WWC received a $5,200 advance for 40 units, as reflected in Unearned Revenue.
	WWCs February 1 inventory balance consisted of 45 units at a total cost of $3,825.
	WWCs note payable accrues interest at a 12% annual rate.
	WWC will use the FIFO inventory method and record COGS on a perpetual basis.

February Transactions

02/01

Included in WWCs February 1 Accounts Receivable balance is a $1,500 account due from Kit Kat, a WWC customer. Kit Kat is having cash flow problems and cannot pay its balance at this time. WWC arranges with Kit Kat to convert the $1,500 balance to a note, and Kit Kat signs a 6-month note, at 9% annual interest. The principal and all interest will be due and payable to WWC on August 1, 2012.

02/02

WWC paid a $900 insurance premium covering the month of February. The amount paid is recorded directly as an expense.

02/05

An additional 150 units of inventory are purchased on account by WWC for $11,250 terms 2/15, n30.

02/05

WWC paid Federal Express $450 to have the 150 units of inventory delivered overnight. Delivery occurred on 02/06.

02/10

Sales of 120 units of inventory occurred during the period of 02/07 02/10. The sales terms are 2/10, net 30.

02/15

The 40 units that were paid for in advance and recorded in January are delivered to the customer.

02/15

10 units of the inventory that had been sold on 2/10 are returned to WWC. The units are not damaged and can be resold. Therefore, they are returned to inventory. Assume the units returned are from the 2/05 purchase.

02/16

WWC pays the first 2 weeks wages to the employees. The total paid is $2,500.

02/17

Paid in full the amount owed for the 2/05 purchase of inventory. WWC records purchase discounts in the current period rather than as a reduction of inventory costs.

02/18

Wrote off a customers account in the amount of $1,850.

02/19

$6,000 of rent for January and February was paid. Because all of the rent will soon expire, the February portion of the payment is charged directly to expense.

02/19

Collected $9,700 of customers Accounts Receivable. Of the $9,700, the discount was taken by customers on $6,500 of account balances; therefore WWC received less than $9,700.

02/26

WWC recovered $570 cash from the customer whose account had previously been written off (see 02/18).

02/27

A $800 utility bill for February arrived. It is due on March 15 and will be paid then.

02/28

WWC declared and paid a $650 cash dividend.

These are my general entries that I have completed:

Date	General Journal	Debit	Credit
Feb. 1	Notes Receivable	1,500
	Accounts Receivable		1,500
Feb. 2	Insurance Expense	900
	Cash		900
Feb. 5	Inventory	11,250
	Accounts Payable		11,250
Feb. 6	Inventory	450
	Cash		450
Feb. 10a	Accounts Receivable	19,800
	Sales Revenue		19,800
Feb. 10b	Cost of Goods Sold	9,675
	Inventory		9,675
Feb. 15a	Unearned Revenue	5,200
	Sales Revenue		5,200
Feb. 15b	Cost of Goods Sold	3,120
	Inventory		3,120
Feb. 15c	Inventory	780
	Cost of Goods Sold		780
Feb. 15d	Sales Returns and Allowance	1,650
	Accounts Receivable		1,650
Feb. 16	Wages Expense	2,500
	Cash		2,500
Feb. 17	Accounts Payable	11,250
	Inventory		225
	Cash		11,025
Feb. 18	Allowance for Doubtful Accounts	1,850
	Accounts Receivable		1,850
Feb. 19a	Accounts Payable	3,000
	Rent Expense	3,000
	Cash		6,000
Feb. 19b	Cash	9,570
	Sales Discounts	130
	Accounts Receivable		9,700
Feb. 26a	Accounts Receivable	570
	Allowance for Doubtful Accounts		570
Feb. 26b	Cash	570
	Accounts Receivable		570
Feb. 27	Utility Expense	800
	Accounts Payable		800
Feb. 28	Dividends Declared	650
	Cash		650
Feb. 29a	Wages Expense	2,500
	Wages Payable		2,500
Feb. 29b	Bad Debt Expense
	Allowance for Doubtful Accounts

1. value: 20.00 points Project 2: Part 1 &2 Required: 1-a. Prepare all February journal entries and adjusting entries. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) view transaction list view general journal Journal Entry Worksheet 14 15 16 8 19 20 21 22 23 WWC decides to use the aging method to estimate uncollectible accounts. wwC determines 6% of the ending balance is the appropriate end of February estimate of uncollectible accounts. Date General Journal Debit Credit Feb. 29b Bad Debt Expense Allowance for Doubtful Accounts *Enter debits before credits done clear entry record entry