NEED HELP WITH $2$a$,2$b and $3.$ Thanks. Required:

Prepare the journal entries to record the transactions that occurred from April $1$ to June $30$ of the current year. $($If no entry is

required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$

Answer is complete and correct. 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.$)$

a$.$ Determine the amount of receivables that may not be collectible in the future as on June $30$ of the current year.

Answer is complete but not entirely correct.

b$.$ Prepare the journal entry to record bad debt expense at June $30$ of the current year, 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.$)$

Answer is complete but not entirely correct.

IceKreme's net accounts receivable were $$96,000$ at June $30$ of the prior year. Calculate IceKreme's average collection period for

the current fiscal year. $($Use $365$ days a year. Round intermediate calculations to $2$ decimal places. Round the final answer to $1$

decimal place.$)$

P$5-6($Algo$)$ Determining Bad Debt Expense Based on Aging Analysis and Interpreting Ratios LO$5-3,5-4$

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

the current year:

April $10$ Received an order from Peter's Appliances, a wholesaler, for $10$ machines.

April $30$ Sold $15$ machines to Yuri Inc. on credit.

May $1$ The purchasing manager of Peter's Appliances visited IceKreme's factory and purchased $12$ machines on credit, instead of

the $10$ machines that were previously ordered.

May $5$ Yuri Inc. paid for the machines purchased on April $30.$

May $7$ Sold $2$ machines to Cheng Ltd$.$ on credit.

May $10$ Wrote off $$13,600$ of accounts receivable that were considered uncollectible. These receivables relate to sales made prior

to April $1$ of the current year.

May $10$ Peter's Appliances paid the amount due to IceKreme.

June $30$ Recovered $$3,800$ from the receivables that were written off on May $10.$

Additional information is as follows:

IceKreme sold all machines at $$18,000$ per unit.

All of IceKreme's sales were on credit with terms n$/30.$

IceKreme's records included the following items and their balances as at March $31$ of the current year: