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Web Wizard, Inc., has provided information technology services for several years. For the first two months of the current year, the company has used the

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Web Wizard, Inc., has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quarter the company switched 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 $36,000 on credit b. On January 31, the company estimated bad debts using percent of credit sales On February 4, the company collected $18.000 of accounts receivable d On February 15, the company wrote off a $200 account receivable e During February, the company provided services for $26.000 on credit On February 28, the company estimated bad debts using t percent of credit sales G. On March 1, the company loaned $2.800 to an employee, who signed a 6% note due in 6 months h On March 15, the company collected $200 on the account written off one month earlier On March 31, the company accrued interest eamed on the note On March 31, the company adjusted for uncollectible accounts, based on an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1,160 3100 Customer Alba Tourism Baysideungalow Others (hotshotoSave Space) Xciting xcursions Total accounts Receivable Estimated collectible ) $123 300 $ .0 tot 51.210 51.00 21 2. Prepare the journal entries for items al- (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations) $17,240 $6,900 COUNCE Estimated Uncollectible $8,070 10% $ 1,210 20% $1,060 35% ) 2. Prepare the journal entries for items (a)-0). (If no entry is required for a transaction/event, select "No the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet

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