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Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter this year to the aging of accounts receivable method. The company entered into the following partial list of transactions.

During January, the company provided services for $$300,000$ on credit.

On January $31,$ the company estimated bad debts using $1$ percent of credit sales.

On February $4,$ the company collected $$150,000$ of accounts receivable.

On February $15,$ the company wrote off $$650$ account receivable.

During February, the company provided services for $$250,000$ on credit.

On February $28,$ the company estimated bad debts using $1$ percent of credit sales.

On March $1,$ the company loaned $$11,000$ to an employee, who signed a $12\%$ note due in $3$ months.

On March $15,$ the company collected $$650$ on the account written off one month earlier.

On March $31,$ the company accrued interest earned on the note.

On March $31,$ the company adjusted for uncollectible accounts, based on the following aging analysis, which includes the preceding transactions $($as well as others not listed$).$ Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $$8,000.$

Customer Total Number of Days Unpaid

$0$ to $3031$ to $6061$ to $90$ Over $90$

Arrow Ergonomics $ $2,200$ $ $900$ $ $800$ $ $500$

Asymmetry Architecture $3,000$ $ $3,000$

Others $($not shown to save space$)97,10037,10049,0006,0005,000$

Weight Whittlers $3,0003,000$

Total Accounts Receivable $ $105,300$ $ $41,000$ $ $49,800$ $ $6,500$ $ $8,000$

Estimated Uncollectible $(\%)4\%10\%20\%40\%$

Required:

For items $($a$)$ to $($j$),$ analyze the amount and direction $(+$ or $)$ of effects on specific financial statement accounts and the overall accounting equation. TIP: In item $($j$),$ you must first calculate the desired ending balance before adjusting the Allowance for Doubtful Accounts. $($Do not round intermediate calculations. Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.$)$

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