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At January 1, 2024, Blue Mountain Flagpoles had Accounts Receivable of $31,000, and Alowance for Bad Debts had a credit balance of S4, 000. During

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At January 1, 2024, Blue Mountain Flagpoles had Accounts Receivable of $31,000, and Alowance for Bad Debts had a credit balance of S4, 000. During tho your, Blue Mountain Flagpolis rocorded the following transactions for January? (. (Cick the icon to view the transactiont) Read the requirements: Requirement 1. Joumalze Blue's transoctions that occurned during January. The company uses the allowance method. (Fecond debits first, then credits, Selict ine explanabon on the last ine of thie foumal entry tables) (a.) Sales of $179,000 (\$160,000 on account $19,000 for cash). lgnore Cost of Goods Sold. (Prepare a single compound journal entry) to view the transactions.) More info a. Sales of $179,000 ( $160,000 on account; $19,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $135,000. c. Write-offs of uncollectible receivables, $2,600

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