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.

0 Required Information The folowing 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 swiltched 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 compeny estimated bad debts using 1 percent of credit sales c On February 4, the company collected $155,000 of accounts receiveble d On February 15, the company wrote off a $700 account recelvable. 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.OnMarch 1,the company loaned $12,000 to an employee, who signed a 8% note due in 3 months. On March 15, ee company collected $700 on the account written off one month earlier On March 31, the company accrued interest eamed on the note On March 31, the company adjusted for uncollectible ac counts, based on the folowing aging analysis, which includes the preceding transactions (es well as others not listed) Prior to the adjustment, Allowance for Doubtful Accounts had an unadjusted credit balance of $8.200 900400300200 Aaynnetry Archtecture ,100 98,700 37,50050,000 ,3001 319031 3.100 others (not ehon to save epace) Weight Wlttlers Total Accounto Receivable 105,800 43,000 50,300,300 ,200 38 5S Required 1 For items (a-(, analyze the amount and direction(oor -) of offects on speciic inancialstatement accounts and the overa accounting equation. TIP: In item UA you must first calculate the desired ending balance before adjusting the Allowence for Doubtfu Accounts. (Do not round Intermediate calculations Enter any decreases to Assets Liablities or Stockholders Bquity with minus sign.)