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PA8-4 Accounting for Accounts and Notes Receivable Transactions [LO 8-2, LO 8-31 Web Wizard, Inc., has provided information technology services for several years. The company

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PA8-4 Accounting for Accounts and Notes Receivable Transactions [LO 8-2, LO 8-31 Web Wizard, Inc., has provided information technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter of 2013. PA8-4 Accounting for Accounts and Notes Receivable Transactions [LO 8-2, LO 8-31 Web Wizard, Inc., has provided information technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter of 2013

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