NON View transaction lit Journal entry worksheet 43 Record service revenge of $42,000 sold on account during January Note deliberatis Transaction General Journal Debit Credit Racord entry Clear entry View general journal View transactions Journal entry worksheet 1 3 5 6 7 8 11 15027 Record the adjusting entry for bad debts as of January 31 using 1 percent of credit sales Note: Enter debts before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction lit Journal entry worksheet 3.30 Record the collection of $21,000 of outstanding accounts receivables on February 4 Note: inter der bereit Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction ist Journal entry worksheet Record the write-off of a $200 account receivable on February 15 Nutel Enter debts before and General Journal Debit Credit Transaction d Record entry Clear entry View general journal View transaction ist Journal entry worksheet 2 4 3 6 7 11 > 19 Record service revenue of 532,000 provided on account during February Note Enter debts before credit Transaction General Journal Debit Credit Record entry Clear entry View general Journal View transaction ist Journal entry worksheet 2 5 7 8 11 > Record the adjusting entry for bad debts as of February 28 using 1 percent of credit sales Note Enter debts before credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal View transaction list Journal entry worksheet 1 2 5 6 OF 8 11 > Record the receipt of a note on March 1 for a $2,800 loan to an employee Note: Enter det before credits Transaction General Journal Debat Credit 0 Record entry Clear entry View general Journal Journal entry worksheet 1 2 4 5 6 2 11 > Record the reversal of a $200 account receivable previously written off one month earlier NetEnt debts before credit Transaction General Journal Debut Credit Record entry Clear entry View general Journal Journal entry worksheet Record the adjusting entry for bad debts as of March 31 using the aging of accounts receivable method. Note: Enter debts bore credits General Journal Debit Credit Transaction 1 Record entry Clear entry View general Journal sessment Help Suve Edit Sub The following information is to the questions displayed below Web Wizard, Incorporated has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quarter, the commy switched to the aging of accounts receivable method. The company entered into the following partist of transactions during the first quarter 20 During January, the company provided services for $42.000 on credit b. On January 31, the company estimated bad debts using 1 percent of credit sales con February 4 the company collected $21000 of accounts receivable On Febinary 15, the company wrole off $200 account receivable e During February, the company provided services for $32.000 on credit on February 28the company estimated tod debts using 1 percent of credit cales On March 1 the company loaned $2.800 to an employee, who signed a 6% note due in 6 months On March 15, the company collected $200 on the account written off one month earlier On March 31. the company accrued interest eated on the note On March the company adjusted for uncollectible accounts, based on the following aging analysis, which includes the preceding transactions as well as others not sted Prior to the adjustment Allowance for Doubtful Accounts has an unadjusted credit babice of $1.220 Upald 51 to co 5. tes $ 120 D sce Cust Al Tourism Bayside Others to a spe) Kiti Xews Total Accounts with Total 5.200 430 1,500 380 $11, see . 1.200 700 7. 180 57.500 21 $1.570 10 11,210 20 31.10
