Need bad debt expense and income tax expense.

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 for the amounts. Record journal entrie order presented in the problem. Round answers to o decimal places, 6.0.1,527.) 1. 2 3 14 Services performed for customers through February 27, 2022, but unbilled and uncollected were $4,100. Received notice that a customer who was billed $220 for services performed February 10 has filed for bankruptcy. Shamrock Cleaning Services does not expect to collect any portion of this outstanding receivable. Shamrock Cleaning Services uses the allowance method to estimate bad debts. Shamrock 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 $540 salvage value, Record 1 month of insurance expense, An Inventory count shows $430 of supplies on hand at February 28, One week of services were performed for the customer who paid advance on February 12 Accrue for wages owed through February 28, 2022 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.) 5 10, 1 Karen Noonan opened Shamrock Cleaning Services Inc. on February 1, 2022. During February, the following transactions were completed: Feb. 1 Issued 5,400 shares of Shamrock Cleaning Services common stock for $14,040. Each share has a $1.50 par. 1 Borrowed $8,640 on a 2-year, 6% note payable. 1 Paid $9,740 to purchase used floor and window cleaning equipment from a company going out of business ($5,210 was for the floor equipment and $4,530 for the window equipment). paid $240 for February Internet and phone services. 3 Purchased cleaning supplies for $1,060 on account. 4 Hired 4 employees. Each will be paid $520 per 5-day work week (Monday-Friday). Employees will begin working Monday, February 9. S Obtained insurance coverage for $10,630 per year. Coverage runs from February 1, 2022, through January 31, 2023. Karen paid $2,658 cash for the first quarter of coverage. 5 Discussions with the insurance agent indicated that providing outside window cleaning services would cost too much to insure. Karen sold the window cleaning equipment for $4,270 cash. 16 Billed customers $4,210 for cleaning services performed through February 13, 022. 17 Received $576 from a customer for 4 weeks of cleaning services to begin February 21, 2022. (By paying in advance, this customer received 10% off the normal weekly fee of $160.) 18 Paid $320 on amount owed on cleaning supplies. Pald $3 per share to buy 320 shares of Shamrock Cleaning Services common stock from a shareholder who disagreed with management goals. The shares will be held as treasury shares. 23 Billed customers $4,640 for cleaning services performed through February 20. 24 Paid cash for employees' wages for 2 weeks (February 9-13 and 16-20). 25 Collected $2,700 cash from customers billed on February 16, 27 Paid $240 for Internet and phone services for March. 28 Declared and paid a cash dividend of $0.20 per share. 5 Your answer is correct. Journalize the February transactions. (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 tities and enter for the amounts. Record journal entries in order presented in the problem.) Date Account Titles and Explanation Debit Credit Feb1 Cash 140-10 Common Stock 8100 220 2. Allowance for Doubtful Accounts 220 Accounts Receivable 330.7 3. Bad Debt Expense 330.7 Allowance for Doubtful Accounts 4. Depreciation Expense 97.29 Accumulated Depreciation-Equipment 97.29 5. Insurance Expense 886 Prepaid Insurance 886 6. Supplies Expense 630 Supplies 630 7. Unearned Service Revenue 144 DRUGUTUUUUUU Service Revenue 8. Salaries and Wages Expense 2080 Salaries and Wages Payable 2080 9. Interest Expense 43.2 Interest Payable 43.2 10. Income Tax Expense 330.7 Income Taxes Payable 330.7 Click if you would like to show Work for this question: Open hlanish TITOTUOTON 2/28/22 Debit Credit 10892 Cash 6150 Accounts Receivable 1060 Supplies Prepaid Insurance 2658 240 Prepaid Expenses Equipment 5210 Accounts Payable 740 Notes Payable 8640 Unearned Service Revenue 576 Common Stock 8100 Paid-in capital in Excess of Par Value-Common Stock 5940 Cash Dividends 1016 Treasury Stock 960 Service Revenue 8850 Utilities Expense 240 Salaries and Wages Expense 4160 Loss on Disposal of Plant Assets 260 5 Totals ANI 32846 32846 ilmu