Sorry the question is so long... I repeatedly attempted it and got multiple steps wrong which affected following steps. There are 4 parts, but if it's too long, let me know and I can repost individually. I just thought context might be nice for all parts.

Required information [The following information applies to the questions displayed below.) 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 receivable method. The company entered into the following partial list of transactions during the first quarter. a. During January, the company provided services for $380,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $330,000 of accounts receivable. d. On February 15, the company wrote off a $3,800 account receivable. e. During February, the company provided services for $330,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $12,000 to an employee who signed a 4% note, due in 9 months. h. On March 15, the company collected $3,800 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 includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $9,800 Number of Days Unpaid 3 1-60 61-90 Over 90 $ 1,200 $ 1,200 $ 1,200 42,800 9,800 9,800 Customer Aerosmith Biggie Small Others (not shown to save space) ZZ Top Total Accounts Receivable Estimated uncollectible (8) Total 0-30 $ 2,400 $ 1,200 2,400 102,200 39,800 7,800 7,800 $ 114,800 $ 48,800 38 $44,000 108 $11,000 208 $11,000 358 Required: 1. For items (a)-C), analyze the amount and direction (+ or -) of effects on specific financial statement accounts and the overall accounting equation. (Do not round intermediate calculations. Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign.) Assets Liabilities + Stockholders' Equity | |-lolol Required information [The following information applies to the questions displayed below.) 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 receivable method. The company entered into the following partial list of transactions during the first quarter. a. During January, the company provided services for $380,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $330,000 of accounts receivable. d. On February 15, the company wrote off a $3,800 account receivable. e. During February, the company provided services for $330,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $12,000 to an employee who signed a 4% note, due in 9 months. h. On March 15, the company collected $3,800 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 includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $9,800. Customer Aerosmith Biggie Small Others (not shown to save space) ZZ Top Total Accounts Receivable Estimated uncollectible (8) Number of Days Unpaid Total 0-30 3 1-60 61-90 Over 90 $ 2,400 $ 1,200 $ 1,200 2,400 $ 1,200 $ 1,200 102,200 39,800 42,800 9,800 9,800 7,800 7,800 $114,800 $48,800 $44,000 $11,000 $11,000 39 108 208 358 2. Prepare the journal entries for items (a)-0). (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 6 7 8 ..... 11 Record service revenue of $380,000 sold on account during January. Required information [The following information applies to the questions displayed below.) 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 receivable method. The company entered into the following partial list of transactions during the first quarter. a. During January, the company provided services for $380,000 on credit b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $330,000 of accounts receivable. d. On February 15, the company wrote off a $3,800 account receivable. e. During February, the company provided services for $330,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $12,000 to an employee who signed a 4% note, due in 9 months. h. On March 15, the company collected $3,800 on the account written off one month earlier. 1. 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 includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $9,800. Number of Days Unpaid 3 1-60 61-90Over 90 $ 1,200 $ 1,200 $ 1,200 42,800 9,800 9,800 Customer Aerosmith Biggie Small Others (not shown to save space) ZZ Top Total Accounts Receivable Estimated uncollectible (%) Total 0-30 $ 2,400 $ 1,200 2,400 102,200 39,800 7,800 7,800 $114,800 $ 48,800 3% $44,000 10% $11,000 20% $11,000 35% 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 first quarter. ELITE EVENTS CORPORATION Balance Sheet (partial) At March 31 Assets Current Assets: Accounts Receivable, Net of Allowance Required information [The following information applies to the questions displayed below.) 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 receivable method. The company entered into the following partial list of transactions during the first quarter. a. During January, the company provided services for $380,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $330,000 of accounts receivable. d. On February 15, the company wrote off a $3,800 account receivable. e. During February, the company provided services for $330,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $12,000 to an employee who signed a 4% note, due in 9 months. h. On March 15, the company collected $3,800 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 includes the preceding transactions (as well as others not listed). Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $9,800. Number of Days Unpaid 31-60 61-90 Over 90 $ 1,200 $ 1,200 $ 1,200 42,800 9,800 9,800 Customer Aerosmith Biggie Small Others (not shown to save space) ZZ Top Total Accounts Receivable Estimated uncollectible (%) Total 0-30 $ 2,400 $ 1,200 2,400 102,200 39,800 7,800 7,800 $114,800 $ 48,800 $ 44,000 $11,000 $11,000 3% 10% 20% 35% 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 Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations. Elite Events would report: Income from Operations Income from Operations