During its first year of operations, Winter Retreats earned not credit sales of $349,000. Industry experience suggests that bad debts will amount to 1% of net credit sales. Al December 31, 2024, accounts receivable total $39,000. The company uses the allowance method to 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. Select the explanation on the last line the journal entry table.) Dobit Credit Date Dec Accounts and Explanation 31 Bad Debis Expense Allowance for Bad Debt Recorded bad debts expense for the period. Requirement 2. Show how to report accounts receivable on the balance sheet at December 31, 2024 Balance Sheet(Partial): Cumont Act Accounts Recolvable 310000 Loss Allowance for Bad Dabts Choose from any list or enter any number in the input fields and then continue to the next question You can ask 46 questions will expire ) 3 00 DI DD DOO FIB 30 F3 5 Fo F F2 ) - & @ # $ - % 5 7 6 8 9 0 4 2 3 0 U Y T R E W