At January 1, 2024. Mountaintop Fagpoles had Accounts Recelvable of $27,000, and Alowance for Bad Debts had a credit balance of $4,000. During the year, Mountaintop Flagpoles recorded the following transactions for January: (2) (Click the icon to viow the tranactions). Read the rnguitements Requirement 1. Journalize Mountainlog's transactions that occurred dueing January The company uses the allowance method. (Record debits first, then credis Solect the explanabion on the last Sine of the joumblentry table ) (a) Sales of $182,000 (\$159,000 on acoount $23,000 for cash) lgnore Cost of Goods Sold. (Prepare a single compound joumal entyy) (b. ) Collections on acooumt 5133,000 . Get more help . More info a. Sales of $182,000 ( $159,000 on account; $23,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $133,000. c. Write-offs of uncollectible receivables, $2,200. Requirements 1. Journalize Mountaintop's transactions that occurred during January. The company uses the allowance method. 2. Post Mountaintop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Mountaintop's adjustment to record bad debts expense assuming Mountaintop estimates bad debts as 9% of accounts receivable on January 31,2024 . Post the adjustment to the appropriate T-accounts. 4. Show how Mountaintop Flagpoles will report net accounts receivable on its January 31,2024 , balance sheet. It January 1, 2024, Mountaintop Flagpoles had Accounts Receivable of $27,000, and Allowance for Bad Debts had a credit balan ollowing transactions for January: (Click the icon to view the transactions.) Read the equirements. (C.) vrite-ons oi unconecuuie receivadies, $,LU. Requirement 2. Post Mountaintop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account