At January 1, 2024, Mountaintop Flagpoles had Accounts Receivable of $27,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Mountaintop Flagpoles recorded the iollowing transactions for January: 1) (Click the icon to view the transactions.) Read the reguirements. Requirement 2. Post Mountaintop's transactions to the Accounts Receivable and Alowance for Bad Debts T.accounts Enter the beginning balances and the joumal entres, and then compule the unadjusied balance of each account 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