0 Requirements 1. Record the transactions in the journal and post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $2,400 (cr.) and $0, respectively. Remember to update account balances but ignore posting references. 2. The December 31 balance of Accounts receivable is $158,000. Show how Accounts receivable would be reported on the balance sheet at that date. Print Done Jan 17 Jun 29 Aug 6 Sold inventory to Quincy Handler, $900, on account. Ignore cost of goods sold. Wrote off the Quincy Handler account as uncollectible after repeated efforts to collect from him. Received $250 from Quincy Handler, along with a letter stating his intention to pay within 30 days. Reinstated his account in full. Received the balance due from Quincy Handler. Made a compound entry to write off the following accounts as uncollectible: Bob Keffer, $700; Teresa Martin, $250; and Sid Forman, $100. Based on an aging of accounts receivable, estimated uncollectible accounts as $4,000. Sep 4 Oct 31 Dec 31