During its first year of operations, Atlas Travel earned revenue of $400,000 on account. Industry experience suggests that Atlas Travel's uncollectible accounts will amount to 3 percent of revenues. On December 31, 2018, accounts receivable totaled $147,651. The company uses the allowance method to account for uncollectibles. Journalize Atlas Travel's Bad debt expense using the percent-of-sales method. Show how Atlas Travel should report Accounts receivable on its balance sheet on December 31, 2018. ... Journalize Atlas Travel's Bad debt expense using the percent-of-sales method. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit Dec 31 Show how Atlas Travel should report Accounts receivable on its balance sheet on December 31, 2018. Balance Sheet (Partial): Less