Required: 1. Prepare the journal entries to record the transactions that occurred from April 1 to June 30 of the current year (if no entry is required for a transaction/event, select "No journol entry required" in the first account field.) Journal entry worksheet P5.6 (Algo) Determining Bad Debt Expense Based on Aging Analysis and Interpreting Ratios LO5-3, 5-4 Icekreme Inc makes ice cream machines for sale to kce cream parlours. The following events occurred between April 1 and June 30 of the current year: April 10 Received an order from Peter's Appliances, a wholesalec, for 10 machines. April 30 Sold 15 machines to Yuri Inc. on credit: the 10 mactines that mere previously ordered. Nay 9 Yurl the. pald for the machines purchased on Aprit to. hay. 7 Sold 2 machines to Cheng tid, on credit. to topt1 1 of the curitent yesp. Hay 10 Peter's Appliances paid the anount due to Icekrene. fune 19 . Hecovered $4, veo from the recelvables that were ariten off on My 10 . Additional information is as follows: - IceKreme sold all machines at $20,000 per unit - All of IceKreme's sales were on credit with terms n/30. - Icekreme's records included the following items and their balances as at March 31 of the current year 2. The company uses the aging of accounts receivable method to determine the amount of bad debt expense. The estimated uncollectible rates for the vatious age groups are as follows: (Hint. Use a timeline to keep track of accounts recelvable in order to determine the age of these recelvables.) a. Determine the amount of recelvables that may not be collectible in the future as on June 30 of the current year. Prepare the joumal entry to record bad debt expense at June 30 of the current year, the company's fiscal year-end, (If no entry is required for o transoction/event, select "No journal entry required" in the first occount field.) Journal entry worksheet Record the bad debt expenses estimated for the period. Note; Enter debits before credits: 3. Icekreme's net accounts recelvable were $80,000 at June 30 of the prior year. Calculate Icekreme's average collection period for the current fiscal yeat. (Use 365 days o year. Round intermediate colculations to 2 decimal places. Round the final onswer to 1 decimal place.) 4. This part of the question is not part of your Connect assignment