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Wille Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the year, the company's accounting manager provides. Willierwith the following information, before any adjustment. Willie's compensation contract states that if the company generates operating income of at least $200,000, he will get a salary bonus early next yeas. Required: 1. Record the adjusting entry for uncollectible. accounts using the accountant's estimate of 9% of accounts recelvable. 2-a. After the adjusting entry is recorded in requirement 1, what is the revised amount of operating income? 2-b. Will Wille get his salary bonus? 3. Willie instructs the accountant to record the adjusting entry for uncollectible accounts using 7% rather than 9% of accounts receivable. Now will Willie get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% amount? Complete this question by entering your answers in the tabs below. Record the adjusting entry for uncollectible accounts using the accountant's estimate of 9% of accounts receivable. (if no entry is required for a particular transactionvevent, select "No Joumal Entry Required" in the first account field.) Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the year, the company's accounting manager provides, Wille'with the following information, before any adjustment. Willie's compensation contract states that if the company generates operating income of at least $200,000, he will get a salary bonus early next yeak Required: 1. Record the adjusting entry for uncollectible, accounts using the accountant's estimate of 9% of accounts recelvable. 2-a. After the adjusting entry is recorded in requirement1, what is the revised amount of operating income? 2-b. Will Willie get his salary bonus? 3. Wille instructs the accountant to record the adjusting entry for uncollectible accounts using 7% rather than 9% of accounts recelvable. Now will Willie get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% amount? Complete this question by entering your answers in the tabs below. After the adjusting entry is recorded in requirement 1 , what is the revised amount of operating income? Wille Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest At the end of the year, the company's accounting manager provides Williewith the following information, before any adjustment. Willie's compensation contract states that if the company generates operating income of at least $200,000, he will get a salary bonus early next year. Required: 1. Record the adjusting entry for uncollectible, accounts using the accountant's estimate of 9% of accounts receivable. 2-a. After the adjusting entry is recorded in requirement 1, what is the revised amount of operating income? 2-b. Will Willie get his salary bonus? 3. Willie instructs the accountant to record the adjusting entry for uncollectible accounts using 7% rather than 9% of accounts recelvable. Now will Wille get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% amount? Complete this question by entering your answers in the tabs below. Will wille get his salary bonus? Wille Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the year, the company's accounting manager provides, Willeewith the following information, before any adjustment. Willie's compensation contract states that if the company generates operating income of at least $200,000, he will get a salary bonus early next yeat. 1. Record the adjusting entry for uncollectible, accounts using the accountant's estimate of 9% of accounts receivable Required: 2-a. After the adjusting entry is recorded in requirement 1, what is the revised amount of operating income? 3. Willi instructs the accountant to record the adjusting entry for uncollectible accounts using 7% rather than 9% of accounts 2-b. Will Willie get his salary bonus? receivable. Now will Willie get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% amount? Complete this question by entering your answers in the tabs below. Willie instructs the accountant to record the adjusting entry for uncollectible accounts using 7% rather than 9% of accounts receivable. Now will Willie get his salary bonus? Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the vear, the company's accounting manager provides Williewith the following information, before any adjustment. Willie's compensation contract states that if the company generates operating income of at least $200,000, he will get a salary bonus early next year. 1. Record the adjusting entry for uncollectible, accounts using the accountant's estimate of 9% of accounts receivable. Required: 2-a. After the adjusting entry is recorded in requirement 1, what is the revised amount of operating income? 3. Wiliie instructs the accountant to record the adjusting entry for uncollectible accounts using 7% rather than 9% of accounts 2-b. Will Willie get his salary bonus? recelvable. Now will Willie get his salary bonus? 4 . By how much would total assets and operating income be misstated using the 7% amount? Complete this question by entering your answers in the tabs below. By how much would total assets and operating income be misstated using the 7% amount