Required information [The following information applies to the questions displayed below.] Elite Events Corporation has provided event planning 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 to the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter. a. During January, the company provided services for $230,000 on credit. b. On January 31 , the company estimated bad debts using 2 percent of credit sales. c. On February 4, the company collected $180,000 of accounts receivable. d. On February 15 , the company wrote off $2,300 account receivable. e. During February, the company provided services for $180,000 on credit. f On February 28 , the company estimated bad debts using 2 percent of credit sales. g. On March 1, the company loaned $13,000 to an employee who signed a 6% note, due in 9 months. h. On March 15, the company collected $2,300 on the account written off one month earlier. i. On March 31 , the company accrued interest earned on the note. j. 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 $8,300. equired: . For items (a) to (j), analyze the amount and direction (+ or ) of effects on specific financial statement accounts and the overall accounting equation. (Do not round intermediate calculations. Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) I the following intormotion opplies to the questions clisployeo below.] Elite Events Corporation has provided event planning services for several years. The compony has been using the percentage of credit sales method to estimate bed debts but switched at the end of the first quarter to the aging of accounts receivable method. The company entered into the following partial list of transactions during the first quarter. 0. During January, the company provided services for $230,000 on credit. b. On January 31, the company estimated bod debts using 2 percent of credit sales. c. On February 4, the company collected $180,000 of accounts receivable. d. On February 15, the company wrote off $2,300 account receivable. e. During February, the compony provided services for $180,000 on credit. f. On February 28 , the compony estimated bod debts using 2 percent of credit sales. g. On March 1, the company losned $13,000 to an employee who signed a 6% note, due in 9 months. h. On March 15 , the company collected $2,300 on the account written off one month earlier. i. On March 31, the compony accrued interest earned on the note. j. On March 31, the compony adjusted for uncollectible accounts, bosed on the following aging analysis, which includes the preceding transsctions (as well ss others not listed). Prior to the oojustment, Allowince for Doubtful Accounts had an unsojusted crecit balance of $8,300. Prepsre the journsl entries for items (o) to (j). (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) Required Information [The following informotion opplies to the questions disployed below.] Elite Events Corporation has provided event planning services for several years. The compony has been using the percentage of credit sales method to estimate bed debts but switched at the end of the first quarter to the aging of accounts receivable method. The compeny entered into the following partial list of trenssctions during the first quarter. 0. During January, the company provided services for $230,000 on credit. b. On January 31 , the company estimated bod debts using 2 percent of credit sales. c. On February 4, the company collected $180,000 of accounts receivable. d. On February 15 , the company wrote off $2,300 account receivable. e During February, the compony provided services for $180,000 on credit. f. On February 28 , the compony estimated bad debts using 2 percent of credit sales. g. On March 1, the company losned $13,000 to an employee who signed 06% note, due in 9 months. h. On March 15 , the company collected $2,300 on the account written off one month earlier. i. On March 31, the company accrued interest earned on the note. j. On March 31, the compony adjusted for uncollectible accounts, bosed on the following aging analysis, which includes the preceding transactions (as well as others not listec). Prior to the odjustment, Allowance for Doubtful Accounts had an unacjusted credit baiance of $8,300. 3. Show how Accounts Receivable, Notes Receivable, and their related sccounts would be reported in the current assets section of a classified bolance sheet at the end of the first quarter