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Required informotion The following information applies to the questions displayed beiow] Elite Events Corporation has provided event planning services for several years. The company has

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Required informotion The following information applies to the questions displayed beiow] 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 recelvable method The company entered into the following partial list of transactions during the first quarter. a During January, the company provided services for $300.000 on credit. b On January 31 , the company estimated bad debts using 1 percent of credit sales: c. On February 4 , the company collected $250,000 of accounts recelvable. d On February 15 , the company wrote off $3,000 account receivable: e During February, the company provided services for $250,000 on credit. fOn February 28, the company estimated bad debts using 1 percent of credit saies. 9 On Morch 1 , the company loaned $15.000 to an employee who signed a 45 note, due in 9 months. h. On March is: the company collected $3,000 on the account written off one month earlier. ton March 31, the company occrued interest earned on the note. 7 On March 31, the compiny sdjusted for uncolectible accounts, based on the following aging analysis, which includes the preceding transactions (os weil as others not listed). Prior to the adjustment. Allowance for Doubtul Accounts had an unadjusted credit balance of $9.000 4. Gems nevenue and Secvice Reveriue ace two income statement accouns that rebate to Accounts Receivabie. Narne two other 4. Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Receivable and Notes Recelvable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations

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