IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30, 2020:

April		10:		Received an order from Peters Appliances, a wholesaler, for 24 machines.
April		30:		Sold 36 machines to Yuri Inc. on credit.
May		1:		The purchasing manager of Peters Appliances visited IceKremes factory and purchased 26 machines on credit, instead of the 24 machines that were previously ordered.
May		5:		Yuri Inc. paid for the machines purchased on April 30.
May		7:		Sold 15 machines to Cheng Ltd. on credit.
May		10:		Wrote off $19,000 of accounts receivable that were considered uncollectible. These receivables relate to sales made prior to April 1, 2020.
May		15:		Peters Appliances returned three defective machines and paid the amount due.
June		1:		Received $180,000 from Cheng Ltd. on account.
June		30:		Recovered $3,100 from the receivables that were written off on May 10.

Additional information is as follows:

• IceKreme sold all machines at $15,000 per unit.
• All of IceKremes sales were on credit with terms 3/10, n/30.
• IceKremes records included the following items and their balances as at March 31, 2020:

IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30, 2020: : , a , . April 10: Received an order from Peter's Appliances, a wholesaler, for 24 machines. April 30: Sold 36 machines to Yuri Inc. on credit. May 1. The purchasing manager of Peter's Appliances visited IceKreme's factory and purchased 26 machines on credit, instead of the 24 machines that were previously ordered. May 5: Yuri Inc. paid for the machines purchased on April 30. May 7: Sold 15 machines to Cheng Ltd. on credit. May 10: Wrote off $19,000 of accounts receivable that were considered uncollectible. These receivables relate to sales made prior to April 1, 2020. May 15: Peter's Appliances returned three defective machines and paid the amount due. June 1. Received $180,000 from Cheng Ltd. on account. June 30: Recovered $3,100 from the receivables that were written off on May 10. Additional information is as follows: IceKreme sold all machines at $15,000 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, 2020: Nccounts receivable Allowance of doubtful accounts (credit balance) Net sales $ 62,000 19,200 620,000 Required: 1. Prepare the journal entries to record the transactions that occurred from April 1 to June 30, 2020. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 5 1 2 3 4 5 6 7 8 9 10 > Record the receipt of order from Peter's Appliance Note: Enter debits before credits Date General Journal Debit Credit April 10 Record entry Clear entry View general Journal 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 due past due Estimated & uncollectible 55 106 31-60 days Over 60 days past due past due 158 208 a. Determine the amount of receivables that may not be collectible in the future as on June 30, 2020. Amount of uncollectible b. Prepare the journal entry to record bad debt expense at June 30, 2020, 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 Journal entry worksheet Record the bad debt expenses estimated for the period. Note: Enter debits before credits Date General Journal Debit Credit June 30 Record entry Clear entry Vlew general Journal 3. IceKreme's net accounts receivable were $180,000 at June 30, 2019. Calculate IceKreme's average collection period for fiscal year 2020. (Use 365 days a year. Round intermediate calculations to 2 decimal places. Round the final answer to 1 decimal place.) Average collection period days