P6-6 Determining Bad Debt Expense Based on Aging Analysis and Interpreting Ratios LO6-4 IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30 , 2020: April 10: Received an order from Peter's Appliances, a wholesaler, for 36 machines. April 30: Sold 54 machines to Yuri Inc. on credit. May 1: The purchasing manager of Peter's Appliances visited IceKreme's factory and purchased 40 machines on credit, instead of the 36 machines that were previously ordered. May 5: Yuri Inc. paid for the machines purchased on April 30. May 7: Sold 20 machines to Cheng Ltd. on credit. May 10: Wrote off $16,000 of accounts receivable that were considered uncollectible. These receivables relate to sales made prior to April 1, 202. May 15: Peter's Appliances returned three defective machines and paid the amount due. June 1: Received $96,000 from Cheng Ltd. on account. June 30: Recovered $3,700 from the receivables that were written off on May 10 . Additional information is as follows: - IceKreme sold all machines at $6,000 per unit. - All of IceKreme's sales were on credit with terms 3/10, n/30. - IceKreme's records included the following items and their balances as at March 31, 2020: 1. Prepare the journal entries to record the transactions that occurred from April 1 to June 30,2020 . (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet Record the receipt of order from Peter's Appliance. Note: Enter debits before credits