Prepare a Journalize for the following adj

Journalize the following adjustments.

(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 1,527.)

1) Services performed for customers through February 27, 2017, but unbilled and uncollected were $3,880.

(2) Received notice that a customer who was billed $200 for services performed February 10 has filed for bankruptcy. Kingbird does not expect to collect any portion of this outstanding receivable.

(3) Kingbird uses the allowance method to estimate bad debts. Kingbird estimates that 3% of its month-end receivables will not be collected.

(4) Record 1 month of depreciation for the floor equipment. Use the straight-line method, an estimated life of 4 years, and $600 salvage value.

(5) Record 1 month of insurance expense.

(6) An inventory count shows $410 of supplies on hand at February 28

. (7) One week of services were performed for the customer who paid in advance on February 17

. (8) Accrue for wages owed through February 28, 2017.

(9) Accrue for interest expense for 1 month.

(10) Karen estimates a 20% income tax rate. (Hint: Prepare an income statement up to "income before taxes" to help with the income tax calculation.)

***PLEASE INCLUDE ALL DETAILED CALCULATIONS**

ENTIRE COMPREHENSIVE ACCOUTING CYCLE PROBLEM FOR FURTHER DETAILS AND INFO TO SOLVE.

Print by: Sarah Hearns

6200_201_800_4177:Accounting Principles I 800 / Project 3A