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ESTATE 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 partia list of transactions during the first quarter a During January, the company provided services for $37.000 on credit b on January 31, the company estimated bad debts using 2 percent of credit sales e On February 4, the company collected 518,500 of accounts receivable d. On February 15, the company wrote off a $150 account receivable e During February, the company provided services for $27,000 on credit On February 28, the company estimated bad debts using 2 percent of credit sales 9. On March 1, the company loaned $2.600 to an employee, who signed a 6 note, due in 6 months n. On March 15, the company collected $150 on the account written off one month earlier On March 31, the company accrued interest earned 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 $1170 be of days old 41- . 1 Dec 110 $ IN Total 1 2 IN 3.00 226 $ 19,90 3.10 2,100 Customer Albana touris tayde Bunglows otser cnot hurt to save space Xciti cursions Total Accounts receivable Estimated Uncollectible (1) 1,104 1 1 1 2.1 1.21 11 2. Prepare the journal entries for items (a)-c) (I no entry is required for a transaction/event, select "No Journal Entry Required"In the nurst account Intermediate calculations.) View transaction list Journal entry worksheet Record the collection of $18,500 of outstanding accounts receivables on February 4. Note: Enter detits before credits Transaction General Journal Debit Credit Record entry Clear entry View general Journal Journal entry worksheet Record the adjusting entry for bad debts as of February 28 using 2 percent of credit sales. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for bad debts as of March 31 using the aging of accounts receivable method. Note: Enter debits before credits: Transaction General Journal Debit Credit Record entry Clear entry View general Journal

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