Speedy Mail Corporation is an overnight shipper. (Click the icon to view additional information.) Read the requirements. Requirement 1. Journalize the following transactions of Speedy Mail for the year ended March 31, 2022 (explanations are not required). (Record debits first, then credits. Exclude explanations from any journal entries. Enter amounts in millions as provided to you in the problem statement.) a. Service revenue was $35,000 million, of which 6% is cash and the remainder is on account. Date Journal Entry Accounts b. Collections from customers on account were $31,458 million. Date b Journal Entry Accounts Debit Credit More info Since it sells on credit, the company cannot expect to collect 100% of its accounts receivable. At March 31, 2021, and 2022, Speedy Mail reported the following on its balance sheet (in millions of dollars): March 31, 2022 2021 Accounts receivable $ Debit Credit Less: Allowance for uncollectible accounts Accounts receivable, net 4,000 (180) 3,000 (190) $ 3,820 $ 2,810 c. Uncollectible-account expense was 1% of service revenue on account. (Round your answer to the nearest million.) During the year ended March 31, 2022, Speedy Mail earned service revenue and collected cash from customers. Assume uncollectible-account expense for the year was 1% of service revenue on account and that Speedy Mail wrote off uncollectible receivables and made other adjustments as necessary. At year-end, Lincoln ended with the foregoing March 31, 2022, balances. Date Journal Entry Accounts d. Write-offs of uncollectible accounts receivable were $339 million. Journal Entry Date Accounts Debit Credit Debit Credit Print Done