1. Journalize Hilly's transactions that occurred during JanuaryThe company uses the allowance method .

2. Post Hilly's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts.

3. Journalize Hilly's adjustment to record bad debts expense assuming Hilly estimates bad debts as 10 % of accounts receivable on January 31 , 2024. Post the adjustment to the appropriate T accounts

4. Show how Hilly Mountain Flagpoles will report net accounts receivable on its January 31, 20 2024 balance sheet

At January 1, 2024. Holy Mountain Flagpoles had Accounts Receivable of $29.000, and Alowance for Bad Dots had a credit balance of 53.000. During the year. Hay Mountain Pagpoles recorded the following transactions for January Click the icon to view the transactions.) Read the mement Requirement 1. Journalice Hy's transactions that occurred during January. The company nes the lowance method Record debts for the credits Select the explanation on the last one of the you ty table) (a) Sales of $180.000 (5163,000 on account: $17,000 for cath) Ignore Cost of Goods Sold Propers a single compound journal entry) Date Accounts and Explanation Debit 2024 Requirements Jan Credit 1. Journaline Hy's transactions that occurred during January, The company uses the allowance method 2 Post Hays transactions to the Accounts Receivable and lowance for Bad Debts accounts 1 Journalireys adjustment to record bad debts opening Mily estimates bad debts as 10% of accounts receivable on January 31, 2024. Post the adjustment to the appropriate account 4. Show how Hey Mountain Flagpoles will report net accounts recevabile on its January 31, 2024. balance sheet More info a Sales of $180.000 (5163,000 on account, 517,000 for cash) Ignore Cost of Goods Sold b. Collection on account, $135,000 c. Write-offs of uncollectible receivables $2.000 Print Done