During its first year of operations. Whippersnapper Fun Room earned net credt sales of $342,000. Industry experience suggests that bad debts will amount to 3% of net credit sales. Al December 31, 2024, accounts receivable total 538.000. The company uses the alowance method to account for uncollectibles Read the team Requirement 1. JoumalizeWhippersnapper's Bad Debts Expense using the percent of sales method. Record its first the credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate Accounts and Explanation Debit Credit Doc 31 Requirement. Show how to report accounts receivable on the balance sheet at December 31, 2024 Balance Sheet Partial CA