Required information [The following information applies to the questions displayed below.) Web Wizard, Inc, has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quartel, the company switched 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 $48,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c On February 4, the company collected $24,000 of accounts receivable d. On February 15 the company wrote off a $200 account receivable. e During February, the company provided services for $38,000 on credit On February 28, the company estimated bad debts using 1 percent of credit sales 9. On March 1, the company loaned $2.800 to an employee, who signed a 6% note due in 6 months n on March 15, the company collected $200 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 an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1,280 0-30 $ 120 Customer Alabama Tourism Bayside Bungalows Others (not shown to save space) Xciting xcursions Total Accounts Receivable Estimated tecollectible (X) 480 Number of Days Unpaid 31-60 61-90 Over 90 $ 70 $ 10 5. 9.200 1.200 700 Total 5 200 480 18,700 360 $19,760 7,600 380 $ 8, 100 25 $ 9.270 $1,210 2015 51,180 351 10 View ourselus Journal entry worksheet