During its first year of operations, Summer. Sand, and Castles Resort earned net credit salos of $348,000. Industry oxperience suggests that bad dobts will amount to 2$ of net credit saies. At December 31, 2024, accounts receivable total $43,000. The company uses the allowance method to account for uncollectobles Read the equirements. Requirement 1. Journalize Summer's Bad Debts Expense using the percent-ol-sales method. (Record debits first, then credits. Select the explanation on the last line of the joumal entry tabic.) Requirement 2. Show how to report accounts receivable on the balance theot af December 31, 2024. Requirements 1. Journalize Summer's Bad Debts Expense using the percent-of-sales mothod. 2. Show how to report accounts receivable on the batance sheet at December 31, 2024