Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter this year to the aging of accounts receivable method. The company entered into the following partial list of transactions.

Required Information The following information applies to the questions displayed below Execusmart Consultants has provided business consulting services for several years. The company has been using the percentage of credit sales method to estimate bad debts but switched at the end of the first quarter this year to the aging of accounts recelvable method. The company entered into the following partial list of transactions. a During January, the company provided services for $310,000 on credit b. On January 31, the company estimated bad debts using 1 percent of credit sales. C. On February 4, the company collected $155,000 of accounts receivable. d. On February 15, the company wrote off a $700 account receivable. e. During February, the company provided services for $260,000 on credit f On February 28, the company estimated bad debts using 1 percent of credit sales. g.On March the company loaned $12,000 to an employee, who signed a 8% note due in 3 months. h On March 15, the company collected $700 on the account written off one month earlier L On March 31, the company accrued interest earned on the note / 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 Doulbtful Accounts had an unadjusted credit balance of $8,200 Arrow Ergonomies aymmet ry Architecture Others (not shown to save space) Weight Whlttlers 900400 300200 3,100 ,700 7,500 0,0006100100 ,100 3,100 ,100 Total Accounts Receivable Estimated Uncollectible (8) 3105, 800 941, 090 $50,300 9,300 90, 200 45 15% 255 2. Prepere the journal entries for ltems (a)-(0. (If no entry is required for a transactionievent, select "No Journal Entry Required" In the first account field. Do not round intermediate calculations View traneaction llet Journal entry worksheet Record service revenue of $310,000 sold on account during Januany