Web Wizard, Incorporated, 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 $43,000 on credit b. On January 31, the company estimated bad debts using 2 percent of credit sales. c. On February 4, the company collected $21,500 of accounts receivable. d. On February 15, the company wrote off $100 account receivable. e. During February, the company provided services for $33,000 on credit. On February 28, the company estimated bad debts using 2 percent of credit sales. 9. On March 1, the company loaned $3,000 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. 1. 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 has an unadjusted credit balance of $1.230. cos Number of days Unpaid 31 to 60 61 to 90 5.00 $ 20 0 to 30 $ 100 Over 90 Customer Alabana Tourism Bayside Bungalove Others (not shown to save space) Xciting xcursions Total Accounts Receivable Estimated Uncollectible (1) Total 200 430 12,600 400 $ 18,630 $ 430 800 8,700 1,000 7,100 400 $ 7.600 3 $ 8,780 150 $1,020 204 5 1/230 300 1. For items (a) to Oh, analyze the transaction to determine effects on specific financial statement accounts and the overall accounting equation (Enter apy decreases to Assets, Liabilities, or Stockholders Equity with a minus sign. Do not round Intermediate calculations.) Assets Liabilities Stockholders' Equity b + AND + e + O + h h h Journal entry worksheet 2 3 5 6 7 8 .... 11 Record service revenue of $43,000 sold on account during January. Note: Enter debits before credits. Transaction General Journal Debit Credit + a. Record entry Clear entry View general Journal Journal entry worksheet 4 ..... Record the write-off of a $100 account receivable on February 15. Note: Enter debits before credits: Transaction General Journal Debit Credit d. Record entry Clear entry View general Journal Journal entry worksheet . Record the reversal of a $100 account receivable previously written off one month earlier. Note: Enter debits before credits. Transaction General Journal Debit Credit h(1) Record entry Clear entry View general journal 4 Journal entry worksheet 4 5 6 7 8 9 11 ... . Record the receipt of cash of $100 from the customer. Note: Enter debits before credits tes General Journal Debit Credit Transaction h(2) Record entry Clear entry View general Journal Journal entry worksheet 5 8 10 1 ... 6 7 Record the interest accrued on the note as of March 31. Note: Enter debits before credits Transaction General Journal Debit Credit 1 Record entry Clear entry View general Journal Journal entry worksheet 10 9 11