Execusmart Consultants has provided business consulting 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 recelvable method. The company entered into the following partial list of transactions. a. During January, the company provided services for $270,000 on credit. b. On January 31, the company estimated bad debts using 1 percent of credit sales. c. On February 4, the company collected $135,000 of accounts recelvable. d. On February 15, the company wrote off a $500 account receivable e. During February, the company provided services for $220,000 on credit. f. On February 28, the company estimated bad debts using 1 percent of credit sales. g. On March 1, the company loaned $14,000 to an employee, who signed a 9% note due in 3 months. h. On March 15, the company collected $500 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 the following aging analysis. Allowance for Doubtful Accounts has an unadjusted credit balance of $7,400. Number of Days Unpaid Customer Total 0-30 31-60 61-90 Over 90 $1,300 $ 600 500 200 Arrow Ergonomics Asymmetry Architecture Others (not shown to save space) Weight Whittlers 2,700 91,100 2,700 34,700 2,700 $ 2,700 4,700 46,000 5,700 $ 97,800 38,000 $ 46,500 $ 5,900 $ 7400 Total Accounts Receivable Estimated Uncollectible (%) 3% 10% 20% 40%