At January 1, 2016. Hay Moxintain Flagpoles had Accounts Receivable of $31,000, and lowance for Bad Debts had a credit balance of $3,000. During the year, Hity Mountain Flagpoles recorded the following (Click the icon to view the transactions) Read the regirements Requirement 1. Journalize Hays transactions that occurred during 2018. The company uses the allowance method (Record debits first, then credits Select the explanation on the last line of the journal entry table) (a) Sales of $179,000 (150,000 on account: $20,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Choose from any list or enter any number in the input fields and then click Check Answer At January 1, 2018, Hilly Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements. Date Accounts and Explanation Debit Credit 2018 Choose from any list or enter any number in the input fields and then click Check Answer. Clear 6 parts remaining January 1, 2018, Hilly Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance for Bad Dette agpoles recorded the following: (Click the icon to view the transactions.) ead the requirements. hoose from any list or enter any number in the input fields and then click Check Answer. Clear All parts remaining Previous D a. Sales of $179,000 ($159,000 on account; $20,000 for cash) Ignore Cost of Goods Sold b. Collections on account, $134.000 c. Write-offs of uncollectible receivables, $2,200 nalize Hilly's transactions that occurred during 2018. The company the allowance method Hilly's transactions to the Accounts Receivable and Allowance for Debts T-accounts. nalize Hilly's adjustment to record bad debts expense assuming estimates bad debts as 12% of accounts receivable. Post the stment to the appropriate T-accounts. w how Hilly Mountain Flagpoles will report net accounts receivable Print Done