Computational Question 2 At January 1, 2024, Hilltop Flagpoles had Accounts Receivable of $28,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Hilltop Flagpoles recorded the following transactions for January: a. Sales of $185,000 ($164,000 on account: $21,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $135,000. c. Write-offs of uncollectible receivables, $2,300. The company uses the allowance method. Computational Question 2-1 Journalize Hilltop's transaction (a) Sales of $185,000 ($164,000 on account; $21,000 for cash). Ignore Cost of Goods Sold. Computational Question 2-2 Journalize Hilltop's transaction (b) Collections on account, $135,000. Computational Question 2-3 Journalize Hilltop's transaction (b) Write-offs of uncollectible receivables, $2,300. Computational Question 2-4 Calculate bad debt expense using the balance sheet approach. Specifically, the uncollectible accounts are estimated based on 10% of accounts receivables on January 31, 2024. Computational Question 2-5 Journalize bad debt expense you have calculated in Question 2-4