P5-6 (Algo) Determining Bad Debt Expense Based on Aging Analysis and Interpreting Ratios LO5-3, 5-4 IceKreme Inc. makes ice cream machines for sale to ice cream parlours. The following events occurred between April 1 and June 30 of the current year: April 10 Received an order from Peter's Appliances, a wholesaler, for 10 machines. April 30 Sold 15 machines to Yuri Inc. on credit. May 1 The purchasing manager of Peter's Appliances visited Icekreme's factory and purchased 12 machines on credit, instead of the 10 machines that were previously ordered. May 5 Yuri Inc. paid for the machines purchased on April 30. May 7 Sold 2 machines to Cheng Ltd. on credit. May 10 Wrote off $12, 800 of accounts receivable that were considered uncollectible. These receivables relate to sales made prior to April 1 of the current year. May 10 Peter's Appliances paid the amount due to Icekreme. June 30 Recovered $3, 400 from the receivables that were written off on May 10. Additional information is as follows: . IceKreme sold all machines at $14,000 per unit. . All of IceKreme's sales were on credit with terms n/30. . Icekreme's records included the following items and their balances as at March 31 of the current year: Accounts receivable $ 76, 000 Allowance of doubtful accounts (credit balance) 19, 000 Net sales 800, 000Required: 1. Prepare the journal entries to record the transactions that occurred from April 1 to June 30 of the current year. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet