Web Wizard, Inc. has provlded Informatlon technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for Internal monthly reporting purposes. At the end of each quarter, the company adjusts Its records using 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 provlded services for $38,000 on credlt. b. On January 31, the company estimated bad debts usIng 1 percent of credit sales. c. On February 4, the company collected $19,000 of accounts recelvable. d. On February 15, the company wrote off a $100 account recelvable. e. During February, the company provlded services for $28,000 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 slgned a 6% note, due In 6 months. h. On March 15, the company collected $100 on the account tten off one month earlier. On March 31, the company accrued Interest earned on the note J On March 31, the company adusted for uncollectible accounts, based on an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1.180. Number of Days Unpald Customer Over Total 0-30 31-60 61-90 90 200 100 80 20 Alabama Tourlsm 380 Bayside Bungalows 380 Others (not shown to save space 16.600 6.600 8.200 1,000 800 Xclting Xcursions 400 400 Total Accounts Receivable 17,580 7.100 8,280 $1,020 $1,180 Estimated uncollectible 15% 20% 40%