At January 1, 2018, Mountaintop Flagpoles had Accounts Receivable of $27,000, and Allowance for Bad Debts had a credit balance of $4,000. During theyear, Mountaintop Flagpoles recorded thefollowing:

...a. Sales of $181,000 ($157,000 onaccount; $24,000 forcash). Ignore Cost of Goods Sold.

b.Collections onaccount, $124,000.

c.Write-offs of uncollectiblereceivables, $2,300.

Requirement 1. Journalize Mountaintop's transactions that occurred during 2018 The company uses the allowance method. (Record debitsfirst, then credits. Select the explanation on the last line of the journal entrytable.)

(a.) Sales of $181,000 ($157,000 onaccount; $24,000 forcash). Ignore Cost of Goods Sold. (Prepare a single compound journalentry.)