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Required informotion The following informabon applies to the questions dispidyed below]. Elre Events Corporation has provided event planning services for several years. The company has

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Required informotion The following informabon applies to the questions dispidyed below]. Elre 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 recelvable method. The company entered into the foliowing partiaf list of transactions during the first furartef 4. During January, the company provided services for $300.000 on credit 6 On January 31 , the company estimated bad debts using 1 percent of credit sales. cOn February 4, the company collected $250.000 of accounts receivable di On February 15, the company wrote off $3.000 account recenable - During February, the company provided semices for $250,000 on credit f On Februacy. 28 , the company estimated bad debts using 1 percent of credit sales. 9. On March 1, the company loaned $15,000 to an employee who signed a 42 note, due in 9 months. h. On March 15, the company collected $3,000 on the accourt written oft one month earlier 7 On March 3i, the company accrued interest eamed on the note. JOn March 3t the compiny adjusted for uncollectiole accounts. bssed on the following agling analysis, which includes. the preceding transactions (as well as others not listed). Pnor to the adjustmens, Allowance for Doubtrul Accounts had an unadjusted ciedit balance of $9,000 2. Prepare the jocinal entriesfor itens (ay ta af no entry is required for n vonsection/event, seiect "No Journal Entry Required" in the first occount field) 2. Prepare the journal entries for items (a) to (U) no entry is required for o transoction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Record service revenue of $300,000 sold on account during Janisary. tiote futer debie betare untits

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