A January 1, 2024. Purple Mountain Flagpoles trad Accounts Receivable of 528,000, and lowance for Bad Dotts had a credit balance of 54.000. During my Purple Moura Flagpole recorded the following action for January Click the lon to the transaction Hund the current 2024 Jana Bad Dents Export 2.501 lowance for the 2.com Record has been for me Post the adjustment to the appropriate counts Pintere beginning balance for a Bad Dent person post the went to the appropriate TV antenowo wy) Accounts Receivable Allowance for dette Jan 120 l 20,000 31.000 With 2.100 4.000 Jan 1, 2023 Mercredit 150.000 2,100 Wine Unaw 40,000 1.00 Blad Debte Expense Choose from any it or enterary number in the input fieldwyd then click Check Answer Clear A Check Answer Save Mountain Flagpoles had Accounts Receivable of $20,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Purple Mountain Fagpoles recorded the flowing transactions for January transactions) 2.501 no Bad Debts X 2,5011 Requirements bts expense for the period propriate Taccounts anon for the Bad Debt lixpense account, then post the adjuster to Receivable Allowance 300 131,000 Collection Wos 2.10 300 2.100 Write-ots 500 1. Journale Purple's ansactions that occurred during January The company uses the allowance method 2 Post Purple's transactions to the Accounts Receivable and Allowanon for Bad Debte T-accounts 2. Journal Purple's adjustment to record bad debts pense assuming Purple imates bad debts as of accounts receivable on January 31,2024 Post the adjustment to the propriate accounts 4. Show how Purple Mountain Flagpoles will report not accounts recevable on its January 31, 2024 baarheet Print Done bts Expense Mountain Flagpoles had Accounts Receivable of $20,000, and Alowance for Bad Debts had a credit balance of $4,000. During the year, Purple Mountain Flespoles recorded the following transactions for January the transactions.) X 2.501 Sento for Bad Debts More Info 2.501 debts exponise for the period, a. Sales of $172,000 (5156,000 on account: $16,000 for cash) Ignore Cost of Goods Sold. b. Colections on account, $131,000 c. Write-offs of uncollectible receivables, $2,100 appropriate T-accounts alance for the Bad Debt Expense account, then post the adjustment ances) Allowance 2,100 Print Done Write-offs ants Recevable 3.000 131,000 Collections 5.000 2.100 Write-offs 3.900 1,900 Unadi Bal s Fynene