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Journalize these transactions Received notice that a customer who was billed 1230 for servees performed filed for bankruptey. Kongbird does not expect to collect sny

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Received notice that a customer who was billed 1230 for servees performed filed for bankruptey. Kongbird does not expect to collect sny porton of this outstanding neceivable uses the allowance method to estimate February 10 has month-end receivables wi be collected the bad debts. estimates that ofits Record month ofinsurance use the straight-line method, an estimated of 4 vears, and $700 savage value (2) 5) An inventory count shows s300 supples on hand at February 28. s) one of services were performed the who paid in advance on February 17 Accrue for wages owed through February 28, 2017 (v) Accrue for interest expense for 1 month. (10) Karen estimates a 20% income tax rate. (Hinta Prepare an income statement up to "income before taxes" to help with the income tax calaulation) 2. Allowance for Doubtful Act 230 Accounts Receivable Bad Debt Expense Allowance for Doubtful 4 Depreciation Expense Accumulated Depreciation Insurance Expense Prepaid Expenses Supplies Expense Unearned Service Revenue Salaries and wages Expen Salaries and wages Payab 9. Interest expense 10 Income Tax Expense

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