Web Wizard, Inc. has provided information technology 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 receivable method. The company entered into the followingpartiallist of trans

a.	During January, the company provided services for $40,000 on credit.
b.	On January 31, the company estimated bad debts using 1 percent of credit sales.
c.	On February 4, the company collected $20,000 of accounts receivable.
d.	On February 15, the company wrote off a $100 account receivable.
e.	During February, the company provided services for $30,000 on credit.
f.	On February 28, the company estimated bad debts using 1 percent of credit sales.
g.	On March 1, the company loaned $2,400 to an employee who signed a 6% note, due in 6 months.
h.	On March 15, the company collected $100 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 an aging analysis (below). Allowance for Doubtful Accounts has an unadjusted credit balance of $1,200.

				Number of Days Unpaid
Customer	Total		030	3160	6190	Over 90
Alabama Tourism	$	200		$	100		$	80		$	20
Bayside Bungalows		400											$	400
Others (not shown to save space)		17,000			6,800			8,400			1,000			800
Xciting Xcursions		400			400
Total Accounts Receivable	$	18,000		$	7,300		$	8,480		$	1,020		$	1,200
Estimated uncollectible (%)					2	%		10	%		20	%		40	%

actions during the first quarter.