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 $46,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $23,000 of accounts receivable. d. On February 15, the company wrote off a $100 account receivable. e. During February, the company provided services for $36,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $2,400 to an employee, who signed a 6% note, due in 6 months. h. On March 15, the company collected $100 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 an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1,260. Customer Alabama Tourism Bayside Bungalows Total $ 200 460 0-30 $ 100 Number of Days Unpaid 31-60 61-90 Over 90 $ 80 $ 20 $ 460 i. On March 31, the company accrued interest earned on the note. j. On March 31, the company adjusted for uncollectible accounts, based on an aging analysis (bel Doubtful Accounts has an unadjusted credit balance of $1,260. 0-30 $ 100 Customer Alabama Tourism Bayside Bungalows Others (not shown to save space) Xciting Xcursions Total Accounts Receivable Estimated Uncollectible (%) Total $ 200 460 18,200 400 $19,260 Number of Days Unpaid 31-60 61-90 Over 90 $ 80 20 $ 460 9,000 1,000 800 7,400 400 $ 7,900 2% $ 9,080 15% $ 1,020 20% $1,260 40% ired: r items (a-(), analyze the transaction to determine effects on specific financial statement accounts a uation. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign. Do no lculations.) Required: 1. For items (a)-), analyze the transaction to determine effects on specific financial statement accounts and the overall accounting equation. (Enter any decreases to Assets, Liabilities, or Stockholders Equity with a minus sign. Do not round intermediate calculations.) Assets Liabilities Stockh a b. C. d. e. f. 9 h. 2. Prepare the journal entries for items (a)() (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 4 5 6 7 8 11 > Record service revenue of $46,000 sold on account during January. Note: Enter debits before credits. Transaction General Journal Debit Credit a.