[The following information applies to the questions displayed below.] Execusmart Consultants has provided business consulting 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 this year to the aging of accounts receivable method. The company entered into the following partial list of transactions a. During January, the company provided services for $200,000 on credit b. On January 31 , the company estimated bad debts using 1 percent of credit sales c. On February 4, the company collected $100,000 of accounts receivable. d On February 15, the company wrote off a $500 account receivable, e During February, the company provided services for $150,000 on credit. 1 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 10% note due in 3 months h On March 15, the company collected $500 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, 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 $6,000. 400 Customer Arrow Ergonomics Asymmetry Architecture Others (not shown to save space) Weight Whittlers Total Accounts Receivable Estimated Uncollectible (%) Total $ 1,800 2,800 85,009 2.000 $90,000 Number of Days Unpaid 0-30 31-60 61-90 Over 90 $ 500 $ $ 100 $ 2,000 34,000 42,000 5,000 4,000 2,000 $36,500 $42,400 $ 5,100 $ 6,000 2% 105 20% 40% Required information Journal entry worksheet 11 > .... Record the adjusting entry for bad debts as of January 31, using 1 percent of credit sales method. Note: Enter debits before credits General Journal Debit Transaction b Credit Record entry Clear entry View general journal Journal entry worksheet Record the collection of s100,000 of outstanding accounts receivable on February 4. Note: Enter debits before credits. Transaction General Journal Debit Credit . Record entry Clear entry View general journal Journal entry worksheet Record the write-off of $500 accounts receivable on February 15. Note: Enter debits before credits. General Journal Transaction d Debit Credit Record entry Clear entry View general journal Journal entry worksheet ..... Record service revenue of $150,000 sold on account during February. Note: Enter debits before credits. Transaction General Journal Debit Credit e Record entry Clear entry View general journal Journal entry worksheet te Record the reversal of the $500 accounts receivable balance previously written off on February 15. Note: Enter debits before credits. General Journal Debit Credit Transaction h(1) Record entry Clear entry View general journal Journal entry worksheet Record the interest accrued on the note as of March 31. Note: Enter debits before credits. Transaction General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 10 9 11 >