At January 1, 2024, Winding Mountain Flagpoles had Accounts Receivable of $33.000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Winding Mountain Flagpoles recorded the following transactions for January Requirement 1. Journalize Winding's transactions that occurred during January. The company uses the allowance method. (Record debts first, then credits. Select the explanation on the last line of the journal entry table) (a) Sales of $174,000 ($158,000 on account $16,000 for cash) Ignore Cost of Goods Sold. (Prepare a single compound journal entry) Date 2024 Jan. Accounts and Explanation (b) Collections on account, $134,000 Date 2024 Jan Debit Credit Accounts and Explanation Debit Credit (c.) Write-offs of uncollectible receivables, $2,400. Date 2024 Jan. Accounts and Explanation Debit Credit Requirement 2. Post Winding'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. Accounts Receivable Allowance for Bad Debts A1 January 1, 2024, Winding Mountain Flagpoles had Accounts Receivable of $33,000, and Alowance for Bad Debts had a credit balance of $4,000. During the year, Winding Mountain Flagpoles recorded the folowing transactions Requirement 3. Journalue Winding's adjustment to record bad debts expense assuming Winding estimates bad debts as 1% of credit sales on January 31, 2024. Post the adjustment to the appropriate T-accounts First umalize Winding's adjustment to record bad debts expense. Recond debits first, then credits Select the explanation on the last line of the journal entry table. Date 2024 Jan. 31 Accounts and Explanation Debit Credit Post the adjustment to the appropriate T-accounts Enter the unadjusted balances computed in Requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adjustment and compute the January 31 adjusted balance of each account (Enter for a balances.) Accounts Receivable Allowance for Bad Debts Bad Debts Expense Post the adjustment to the appropriate T-accounts. Enter the unadjusted balances computed in Requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adj balances.) Accounts Receivable Bad Debts Expense Allowance for Bad Debts Requirement 4. Show how Winding Mountain Flagpoles will report net accounts receivable on its January 31, 2024 balance sheet. Balance Sheet (Partial): . Current Assets