Click the icon to view the transactions.) Read the requirements Requirement 2. Post Blue'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 Allowance for Bad Debts Jan. 1. 2018 Bal Not credit sales Unadi Bal Accounts Receivable 30,000 130,000 Collections 158.000 2.200 Writos Write-offs 2.200 4000 Jan 1, 2018 Bal 53300 1.800 Unadi. Bal Requirement 3. Journalize Blue's adjustment to record bad debts expense asuming Blue estimates bad debts as 8% of accounts receivable. Post the adjustment to the appropriate T-accounts. explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate) First journaline Blue's adjustment to record bad debts expense More Info Date Accounts and Explanation Debit Credit 2015 Dec 31 bad debts expense blowance for bad debits 14280 a. Sales of $181.000 (5156,000 on account: $25,000 for cash) Ignore Cost of Goods Sold b. Collections on account, $130,000 c. Write-offs of uncollectible receivables, $2,200 Recorded bad debts expense for the period Print Done Choose from any list or enter any number in the input fields and then click Check Answer parts Clear All