At January 1, 2018, Eagle Mountain Flagpoles had Accounts Receivable of $34,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Eagle Mountain Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Eagle's 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 $188,000 ($164,000 on account: $24,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2018 a. Sales of $188,000 ($164,000 on account; $24,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $131,000. c. Write-offs of uncollectible receivables, $2,400. Print Done 1. Journalize Eagle's transactions that occurred during 2018. The company uses the allowance method. Post Eagle's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. Journalize Eagle's adjustment to record bad debts expense assuming Eagle estimates bad debts as 10% of accounts receivable. Post the adjustment to the appropriate T-accounts. Show how Eagle Mountain Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet. Print Done