Required informatiorn (The following information applies to the questions displayed below, art 3 of 4 provided bus iness consulting services for several years. The 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 5 a During January, the company provided services for $270,000 on credit b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $135,000 of accounts recelvable d On February 15, the company wrote off a $500 account receivabke. e. During February, the company provided services for $220.000 an credit 28, the company estimated bad debts using 1 percent of credit sales g, On March 1 the company loaned $14,00 h. On March 15, the company collected $500 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 0 to an employee, who signed 9% note due in 3 months. includes the preceding transactions (as well as others not listed) Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $7,400 8-3e s 1,300 6 508 $ 200 2, 788 91,108 34,788 46,es , 4,7 others (not shown to save space) 2,788 2,7 Total AcC Estimated Uncollectible (s) Next>