Delta Watches completed the following selected transactions during 2024 and 2025 : (Click the icon to view the transactions.) Read the Begin by recording the 2024 transactions in the general journal. Dec. 31: Estimated that bad debts expense for the year was 2% of credit sales of $450,000 and recorded that amount as expense. The company uses the allowance method. 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. 2. Assume the December 31,2025, balance of Accounts Receivable is $136,000. Show how net accounts receivable would be reported on the balance sheet at that date