Beta Watches completed the following selected transactions during 2024 and 2025 Click the icon to view the transactions) Read the requirements Requirement 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming the accounts begin with a zero balance Record the transactions in the general Journal (omit explanations), and post to the two T-accounts (Record debits first, then credits. Exclude explanations from joumal entries. Abbreviations used. Adj. - Adjusting entry, Clos - Closing entry, W/O - Write-off) Begin by recording the 2024 transactions in the general journal. Dec 31 Estimated that bad debts expense for the year was 3% of credit sales of $460,000 and recorded that amount as expense. The company uses the allowance method Date Accounts and Explanation Debit Credit 2024 Dec. 31 (Adi) CT