1

During ths first year of operations, Spring Garden Plans earned net credit sales of $309,000, Industry experience suggests that tad deble will amount to 1% of net oredi sales. A Deceribar 31, 2024, accounts receivablo total $39,000. The company uses the allowance mothod to account for uncolecibles. Read the reguirements: of operations, Spring Garden Plans earned net credit sales of $309,000. Industry experience suggests that bad deb ceivable total $39,000. The company uses the allowance method to account for uncollectibles. Journalize Spring's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the Requirements 1. Journalize Spring's Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31, 2024