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t Consultants has provided of credit sales method to estmate bad debts but switched at the end of the first quarter this year to the

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t Consultants has provided of credit sales method to estmate bad debts but switched at the end of the first quarter this year to the aging consulting services for several years. The company has been using the of accounts recevable method. The company entered into the following partial list of transactions. a Durting January, the company provided services for $340.000 on credit on January 31, the company estimated bad debts using 1 percent of credit sales. accounts recevable. d On February 15, the company wrote off a $400 account recelvable. e During February, the company provided services for $290,000 on credit f On February 28, the company estimated bad debts using 1 percent of credit sales g on March 1, the company loaned $15,000 to an employee, who signed a 8% note due in 3 months. h. On March 15, the company collected $400 on the account written off one month earlier 4 On March 31, the company accrued interest earned on the note. / 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 $8.800 ata ,486 s 3,4ee ymsetry Architecture Others (not Thown to save space) 3. 488 ,406

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