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Required informetion The fovowing informabion applies to the qiestions displayed beiow] Web Wizard, incoporated, has provided information technology services for several years. For the first

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Required informetion The fovowing informabion applies to the qiestions displayed beiow] Web Wizard, incoporated, has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of cledit soles method to estimate bad debss. At the end of the first. quarter, the company switched to the aging of accounts receivable method. The company entered into the following partial list of transoctions during the first quarter. a. Duting January, the company provided services for $41,000 on credit. b On January 31, the company estimated bad debts using 2 percent of credit sales c On February 4 , the company collected $20,500 of accounts recelvable. d. On Februaly 15, the company wrote off $150 account receivable. e. During February, the company provided services for $31,000 on credit t. On February 28, the company estimated bad debts using 2 percent of credit sales. 9 On March 1, the company loaned $2,600 to an employee, who signed a 6. note. owe in 6 moriths: 1. On March 15, the company collected $150 on the account witien off ane month cartie 1. On March 31, the company accried interest earned on the note. 1. On Match 31, the company adjusted for uncollectible accounts, based on the following aging analyais, which includes the preceding transactions fas weil as others not listed). Prior to the adjustment, Allowance for Dovotful Accounts has an unadiunted ciedit bolance of $1,210. 3. Show how Accounts Receivable, Notes Receivable, and their related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31. (Do not round intermediote calculations.)

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