During its first year of operations, Signature Lamp Company Inc. had sales of $1,070,000, all on account. Industry experience suggests that Signature Lamp Company's bad debt expense will be $21,400. At December 31, 2019, Signature Lamp Company's accounts receivable total $95,000. The company uses the allowance method to account for uncollectibles Requirements 1. Make Signature Lamp Company's journal entry for bad debt expense. 2. Show how Signature Lamp Company could report accounts receivable on its balance sheet at December 31, 2019, by disclosing the allowance for uncollectible accounts. 1. Make Signature Lamp Company's journal entry for bad debt expense. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit 2. Show how Signature Lamp Company could report accounts receivable on its balance sheet at December 31, 2019, by disclosing the allowance for uncollectible accounts. (Use parentheses or a minus sign to indicate numbers to be subtracted.) Balance Sheet