During its first year of operations, Fall Wine Tour earned net credit sales of $311,000. industry experience suggests that bad debts will amount to 3% of net credit sales. at december 31, 2024, accounts receivable total $44,000. the company uses the allowance method to account for uncollectables.

- i Requirements Journalize Fall Wine Tour's Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31, 2024 Print Done Requirement 1, Journalize Fall Wine Tou's Bad Debts Expenses using the percent of a method Record dels en redes select me explanation on the list of the journal writy take Date Accounts and Explanation Debit Credit De 11 Requirement 2. Show how to report accounts receivable on the balance sheet at December 31, 2024. Balance Sheet (Partial): Current Assets