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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.

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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 Applianices, a wholesaler, tor 22 machinen. April 30: sold 33 machines to Yuri ine, on oredit. May 1t The purchasing managor of Poter's Appliances wiafted Icekreme's factory and purchined 24 machines on credit, inatead of the 22 machines that were provioualy ordered. May 5t Yuri Inc. paid tor the machinen purchased on Apr11 30. May 7. sold 15 machines to cteng Ltd. on oredit. May 10: Wrote off 518,000 of necountn roceivable that vere congidered uncollectible. These ceceivabias felate to tralen made prior to April 1,2020 . May 151 Peter's Appliancels returned two defective machinen and paid the amount due. June 11 Received 5144,000 fron Cheng Ltd, on account. June 301 Recovered 53,000 from the recelvables that were wetten off on May 10. Additional information is as follows: - IceKreme sold all machines at $12,000 per unit. - All of lceKreme's sales were on credit with terms 20,n/30. - IceKreme's records included the following items and their balances as at Morch 31, 2020: Required: 1. Prepare the journal entries to record the transactions that occurred from April to June 30,2020 , (if no entry is required for a transection/event, select "No journal entry required" in the first account field.)

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