nework B Wille Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store ch year, the comparty's accounting manager provides Willie with the following information, Wilie's compensation contract states that if the company generates operating income of eatly next year Required: 1. Record the adjusting entry for uncollectible accounts using the accountant's estimate 2-o. After the adjusting entry is recorded in requirement 1 , what is the revised amount of 2-b. Will Wilie get his salary bonus? 3. Willie instructs the accountant to record the adjusting entry for uncollectible accounts recelvable. Now will Willie get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% am Complete this question by entering your answers in the tatrs below. Will Warie get hin satary bonus? Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains year, the compan'y's accounting manager provides Willie with the following information, befo Willie's compensation contract states that if the company generates operating income of at early next year. Required: 1. Record the adjusting entry for uncollectible accounts using the accountant's estimate of 9 ? 2-0. After the adjusting entry is recorded in requirement 1 , what is the revised amount of oper 2-b. Will Willie get his salary bonus? 3. Willie instructs the accountant to record the adjusting entry for uncollectible accounts usin 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. Willie instructs the accountant to record the adjusting entry for uncollectible accounts using 7% ra 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 year, the company's accounting manager provides Willie 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 early next year: Required: 1. Record the adjusting entry for uncollectible accounts using the accountant's estimate of 9% of accounts receivable. 2-0. 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 accou receivable. Now will Wiltie 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? 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 sccounts receivable. (If no entry is required for a particular transaction/event, select "No Journai Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for uncollectible accounts. Note: Erter debis before dedts. Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the reat, the compariy's accounting managet provides Willie with the following information, before any adjustment. Wille'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 99 s 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 Wilie get his salary bonus? 3. Willie instructs the accountant to record the adjusting entry for uncollectible accounts using 78 rather than 9% of accounts receivable. Now will Wille get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% amoun?? Complete this question by entering your answers in the tabs below. Record the adjusting enitry for uncollectible accounts using the accountant's estimate of 9% of accounts recelvable. (If no entry is feguired for a particular transaction/envers, select "two soumal Entry floquired" in the first account field.) Illie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store the company's accounting manager provides Willie with the following informat Villie's compensation contract states that if the company generates operating incorr early next year. Required: 1. Record the adjusting entry for uncollectible accounts using the accountant's estimi 2-a. After the adjusting entry is recorded in requirement 1 , what is the revised amoun 2-b. Will Willie get his salary bonus? 3. Willie instructs the accountant to record the adjusting entry for uncollectible accou receivable. Now will Willie get his salary bonus? 4. By how much would total assets and operating income be misstated using the 7% 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% amour