At January 1, 2018, Windy Mountain Flagpoles had Accounts Receivable of $30,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Windy Mountain Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Windy'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 $184,000 ($159,000 on account: $25,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit i Requirements 2018 Cash Accounts Receivable Sales Revenue 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. 2. Post Windy's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts 3. Journalize Windy's adjustment to record bad debts expense assuming Windy estimates bad debts as 12% of accounts receivable. Post the adjustment to the appropriate T-accounts. 4. Show how Windy Mountain Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet. Print Done At January 1, 2018, Windy Mountain Flagpoles had Accounts Receivable of $30,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Windy Mountain Flagpoles recorded the following: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Windy'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 $184,000 ($159,000 on account: $25,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit i Requirements 2018 Cash Accounts Receivable Sales Revenue 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. 2. Post Windy's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts 3. Journalize Windy's adjustment to record bad debts expense assuming Windy estimates bad debts as 12% of accounts receivable. Post the adjustment to the appropriate T-accounts. 4. Show how Windy Mountain Flagpoles will report net accounts receivable on its December 31, 2018, balance sheet. Print Done