During its first year of operations, Spring Garden Plan Inc. had sales of $1,040,000, all on account. Industry experience suggests that Spring Garden Plan's bad debt expense will be $21,840. At December 31, 2019, Spring Garden Plan's accounts receivable total $75,000. The company uses the allowance method to account for uncollectibles Requirements 1. Make Spring Garden Plan's journal entry for bad debt expense. 2. Show how Spring Garden Plan could report accounts receivable on its balance sheet at December 31, 2019, by disclosing the allowance for uncollectible accounts. 1. Make Spring Garden Plan's journal entry for bad debt expense. (Record debits first, then credits. Explanations are not required.) Journal Entry Accounts Debit Credit 2. Show how Spring Garden Plan 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