During its first year of operations. Winter Retreats earned net credit sales of $347.000. Industry experience suggests that bad det. account for uncollectibles Read the requirements. Requirement 1. Journalize Winter's Bad Debts Expense using the percent-of-sales method (Record debits first, then credits Sele arlence suggests that bad debts will ansount to 2% of net credit sales. At December 31,2024 , accounts recelvable total $42,000 The company uses the allowance method to Id debits first then credits. Select the explanation on the last fne of the foumal entry table)