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.

Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Receivable. Name two other accounts related to Accounts Receivable and Note Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations for Execusmart Consultants.

Execusmart Consultants has provided business consulting services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts recelvable method. The company entered into the following partial list of transactions. a. During January, the company provided services for $350,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $175,000 of accounts recelvable d. On February 15, the company wrote off a $450 account recelvable e. During February, the company provided services for $300,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $16,000 to an employee, who signed a 9% note due in 3 months. h. On March 15, the company collected $450 on the account written off one month earlier . 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. Allowance for Doubtful Accounts has an unadjusted credit balance of $9,000. Number of Days Unpaid Customer Total 0-30 31-60 Over 90 61-90 $ 1,600 800 $ 700100 Arrow Ergonomics Asymmetry Architecture Others (not shown to save space) Weight Whittlers 3,500 106,700 3,500 $ 3,500 5,500 40,700 3,500 54,000 6,500 Total Accounts Receivable $115,300 45,000 $ 54,700 $ 6,600 $ 9,000 Estimated Uncollectible (%) 2% 20% 30% 4096 Execusmart Consultants has provided business consulting services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its records using the aging of accounts recelvable method. The company entered into the following partial list of transactions. a. During January, the company provided services for $350,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $175,000 of accounts recelvable d. On February 15, the company wrote off a $450 account recelvable e. During February, the company provided services for $300,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $16,000 to an employee, who signed a 9% note due in 3 months. h. On March 15, the company collected $450 on the account written off one month earlier . 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. Allowance for Doubtful Accounts has an unadjusted credit balance of $9,000. Number of Days Unpaid Customer Total 0-30 31-60 Over 90 61-90 $ 1,600 800 $ 700100 Arrow Ergonomics Asymmetry Architecture Others (not shown to save space) Weight Whittlers 3,500 106,700 3,500 $ 3,500 5,500 40,700 3,500 54,000 6,500 Total Accounts Receivable $115,300 45,000 $ 54,700 $ 6,600 $ 9,000 Estimated Uncollectible (%) 2% 20% 30% 4096