Journalize the following adjustments. $($Credit account titles are automatically indented when amount is

entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles

and enter $0$ for the amounts. Record journal entries in the order presented in the problem. Round

answers to $0$ decimal places, e$.$g$.1,527.)$

Services performed for customers through February $27,2025,$ but unbilled and uncollected were $$3,180.$

Received notice that a customer who was billed $$160$ for services performed February $10$ has filed for

bankruptcy. Sage Hill Cleaning Services does not expect to collect any portion of this outstanding

receivable.

Sage Hill Cleaning Services uses the allowance method to estimate bad debts. Sage Hill Cleaning Services

estimates that $3\%$ of its month$-$end receivables will not be collected.

Record $1$ month of depreciation for the floor equipment. Use the straight$-$line method, an estimated life of

$4$ years, and $$590$ salvage value.

Record $1$ month of insurance expense.

An inventory count shows $$330$ of supplies on hand at February $28.$

One week of services were performed for the customer who paid in advance on February $17.$

Accrue for wages owed through February $28,2025.$

Accrue for interest expense for $1$ month.

Karen estimates a $20\%$ income tax rate. $($Hint: Prepare an income statement up to "income before taxes"

to help with the income tax calculation.$)$

lccount Titles and Explanation

Acc$$unts Recelvable

Service Revenue

Allowance for Doubtrul Accounts

Accounts Receivable

Bad Debt Expense

Allowance for Doubtful Accounts

Depreclation Expense

Accumulated Depreciation$-$Equipment

Insurance Expense

Prepaid Insurance

Suppllas Expense

Supplies

Debit

Credit

CreditintPost adjusting entrles to the T$-$accounts. $($Post entries in the order of Journal entrles presented above.$)$