Pachel Corporation reports the following information pertaining to its accounts receivable: Current $ 60,000 1-30 $ 40,000 Days Past Due 31-60 61-90 $ 25,000 $ 12,000 Over 90 $ 2,000 The company's credit department provided the following estimates regarding the percent of accounts expected to eventually be written off from each category listed above: Current receivables outstanding Receivables 1-30 days past due Receivables 31-60 days past due Receivables 61-90 days past due Receivables over 90 days past due 2% 4 16 40 90 The company uses a statement of financial position approach to estimate credit losses. a. Record the company's impairment loss of receivable, assuming it has a $1,400 credit balance in its Allowance for Impairment prior to making the necessary adjustment. (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select) b. Record the company's impairment loss of receivable, assuming it has a $1,600 debit balance in its Allowance for Impairment prior to making the necessary adjustment. (Omit the "$" sign in your response.) General Journal Debit Credit (Click to select) (Click to select) Santana Rey receives the March bank statement for Business Solutions on April 11, 2022. The March 31 bank statement shows an ending cash balance of $66.666. The general ledger Cash account Number 101, shows an ending cash balance per books of $67,151 as of March 31 (prior to any reconciliation). A comparison of the bank statement with the general ledger Cash account, Number 101, reveals the following. a. The bank erroneously cleared a $480 check against the company account in March that S. Rey did not issue. The check was actually issued by Business Systems. b. On March 25, the bank statement lists a $45 charge for a safety deposit box. Santana has not yet recorded this expense. c. On March 26, the bank statement lists a $116 charge for printed checks that Business Solutions ordered from the bank. Santana has not yet recorded this expense On March 31, the bank statement lists $32 interest earned on Business Solutions's checking account for the month of March. Santana has not yet recorded this revenue. S. Rey notices that the check she issued for S124 on March 31, 2022, has not yet cleared the bank . S. Rey verifies that all deposits made in March do appear on the March bank statement. Required: 1. Prepare a bank reconciliation for Business Solutions for the month ended March 31, 2022 BUSINESS SOLUTIONS Bank Reconciliation March 31, 2022 Back balance Bank statement Add Add 0 3 0 8 5 $ Deduct Deduct 0 0 Dusted book balance Adjusted bank balance $ $ 0 2. Prepare any necessary entries. Use Miscellaneous Expenses, for any bank charges. Use Interest Revenue, for any interest earned on the checking account for March. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record journal entry related to the $480 check charged erroneously to Business Solutions account, if required Not: Er du bere treats. Dulu Dental Journal Debit Credit March 31 cendantry Cleme View ournal