Web Wizard, Incorporated. has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quarter, the company switched to the aging of accounts receivable method. The company entered into the following portial ist of transactions during the first quartet. a. During January, the company provided services for $31,000 on credit b. On January 31, the company estimated bad debts using 2 percent of credit sales. c. On February 4 , the company collected $15,500 of accounts recelvable d. On February 15, the company wrote off $150 account recelvable, e. During February, the company provided services for $21,000 on credit. f On February 28 , the company estimated bad debts using 2 percent of credit sales. g On March 1, the company loaned $2,600 to an employee, who signed a 6% note. due in 6 months. A. On March 15, the company collected $150 on the account written off one month earilet. 1. On March 31, the company accrued interest earned on the note, f. 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 Doubtful Accounts has an unadjusted credit balance of $1,110. Required: 1. For items (a) to (1). analyze the transaction to determine effects on specific financial statement occounts and the overail accounting equation. (Enter any decreases to Assets, Llabilities, or Stockholders Equity with a minus sign. Do not round Intermediote calculations.) Required Informetion [The following information applies to the questions displayed below] Web Wizard. Incorporated, has provided information technology services for several years. For the first two months of the current year, the company has used the perceritage of credit sales method to estimate bad debts. At the end of the first quarter, the company switched to the aging of accounts recelvable method. The company entered into the following partialist of transactions during the first quarter. a. During January, the company provided services for $31,000 on credit b. On January 31, the company estimated bad debts using 2 percent of credit sales. c. On February 4, the company collected $15,500 of accounts recetvable. d. On February 15 , the company wrote off $150 account recetvable e. During February, the company provided services for $21,000 on credit. f.On February 28, the company estimated bad debis using 2 percent of credit sales. 9. On March 1, the company loaned $2.600 to an employee, who signed a 6% note, due in 6 months. h. On March 15, the company collected $150 on the account wrimen off one month earliet. IOn March 31, the company accrued interest earned on the note. fon March 31, the company adjusted for uncollecuble accounts, based on the following aging analysis, which includes the preceding transactions (as weil as others riot listed). Prior to the adjustment. Allowance for Doubtful Accounts has an unadjusted credit balance of $1,110. Prepare the journal entries for items (a) to (0). (if no entry is required for a tronsection/event, select "No Journol Entry Required" In the first account field. Do not round Intermediate calculations.) Web Wizard, incorporated, has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts At the end of the first quarter, the company switched to the aging of accounts recelvable method The company entered into the following parial ilist of transoctions during the first quartef. a. During January, the company provided services for $31,000 on credit. b. On January 31, the company estimated bad debts using 2 percent of credit sales. c. On February 4, the company collected $15,500 of accounts receivable d. On February 15, the company wrote off $150 account recetvable. e. Durling February, the company provided services for $21,000 on credit f On February 28, the company estimated bad debts using 2 percent of credit sales 9 On March 1, the company loaned $2,600 to an employee, who signed a 69 note, due in 6 months. h. On March 15 , the company collected $150 on the account witten off one month earlier 1. On March 31, the company accrued interest earned on the note. I 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 isted). Prior to the adjustment. Allowance for Doubtrul Accounts nas an unadjusted credit balance of $1,110. Show how Accounts Recelvable, Notes Receivabie, and theit related accounts would be reported in the current assets section of a classified balance sheet at the end of the quarter on March 31. (Do not round intermedlate calculations.) Web Wizard. Incorporated, has provided information technology services for several years. For the first two months of the current year, the company has used the percentage of credit sales method to estimate bad debts. At the end of the first quarter, the company switched to the aging of accounts recelvable method. The company entered into the following partial list of transactions during the first quarter. a. During January, the company provided services for $31,000 on credit. b. On January 31, the company estimated bad debts using 2 percent of credit sales: c. On February 4, the company collected $15.500 of accounts recelvable. d. On February 15, the company wrote off $150 account recelvable. e. During February, the company provided services for $21,000 on credit. f. On February 28 , the company estimated bad debts using 2 percent of credit sales. 9. On March 1, the company loaned $2,600 to an employee, who signed a. 6% note, due in 6 months. h. On March 15, the company collected $150 on the account written off one month earlier: 1. On March 31, the company accrued interest earned on the note. 1. 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 Doubtful Accounts has an unadjusted credit balance of $1,110. 4. Sales Revenue and Service Revenue are two income statement accounts that relate to Accounts Recelvable. Name two other accounts related to Accounts Recelvable and Notes Receivable that would be reported on the income statement and indicate whether each would appear before, or after, Income from Operations