i only need help with question 2 and 3, its very short I just don't get it, THANK YOU???? IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30 of the current year:

IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30 of the current year: April 10 Received an order from Peter's Appliances, a wholesaler, for 18 machines. April 3@ Sold 15 machines to Yuri Inc. on credit. May 1 The purchasing manager of Peter's Appliances visited IceKreme'''s factory and purchased 12 machines on credit, instead of the 1@ machines that were previously ordered. May 5 Yuri Inc. paid for the machines purchased on April 3@. May 7 Sold 2 machines to Cheng Ltd. on credit. May 1@ Wrote off $14,000 of accounts receivable that were considered uncollectible. These receivables relate to sales made prior to April 1 of the current year. May 10 Peter's Appliances paid the amount due to IceKreme. June 30 Recovered $4,000 from the receivables that were written off on May 1. Additional information is as follows: - lceKreme sold all machines at $20,000 per unit. All of IceKreme's sales were on credit with terms n/30. IceKreme's records included the following items and their balances as at March 31 of the current year: Accounts receivable % 100,000 Allowance of doubtful accounts (credit balance) 25,000 Net sales 1,100,000 Record the receipt of order from Peter's Appliance. Record the sale of machines on credit to Yuri Inc. Record the sale of machines to Peter's Appliance. Record payment received for sale on credit to Yuri Inc. Record the sale of machines on credit to Cheng Ltd. Record the entry to write-off uncollectible accounts receivable. Record the return of defective machine by Peter's Appliance. NN N N NN N o Record the entry for reinstatement of accounts written 7 off. o Record amount collected against accounts receivable s written off. Answer is complete and correct. No Date General Journal Debit Credit 1 April 10 No journal entry required V 2 April 30 Accounts receivable 300,000 Sales revenue 300,000 3 May 01 Accounts receivable V 240,000 Sales revenue V 240,000 4 May 05 Cash 300,000 Accounts receivable 300,000 5 May 07 Accounts receivable 40,000 Sales revenue V 40,000 6 May 10 Allowance for doubtful accounts 14,000 Accounts receivable 14,000 7 May 10 Cash 240,000 Accounts receivable 240,000 8 June 30 Accounts receivable V 4,000 Allowance for doubtful accounts 4,000 9 June 30 Cash 4,000 Accounts receivable 4,0002. 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.) Analysis of Aged Accounts Receivable Mot yet 1-3@ days 31-6@ days Over 6@ days due past due past due past due Estimated % uncollectible 5% 10% 15% 20% a. Determine the amount of receivables that may not be collectible in the future as on June 30 of the current year. ) Answer is complete but not entirely correct. b. Prepare the journal entry to record bad debt expense at June 30 of the current year, 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.) ) Answer is complete but not entirely correct. Bad debt expense Allowance for doubtful accounts 3. lceKreme's net accounts receivable were $100,000 at June 30 of the prior year. Calculate lceKreme's average collection period for the current fiscal year. (Use 365 days a year. Round intermediate calculations to 2 decimal places. Round the final answer to 1 decimal place.) Answer is complete but not entirely correct