During ts first year o operations. We d Class Sport Snoe Inc. had sales of $885,000, a on a count. Industry exper ence suggests that Wond uncol lecti ble accounts of $17,500. During 2017, World Class Sport Shoe camp eted the folowing transact ons 1. Credit sales, S1,060,000 2. Collectons on account, $885.000 lass po Shoe's bad det e pense wil bo $47,700 wor d Cess Spot hoe ended the year 2016 w coounts e e able of 83,000 and an allo en e or Write-offs of uncollectbes, $15,000 4 Bad detexpense, S47,700 Journalize the 2017 traneactions for World Class Sport Shoe. Explanations are net required. We wil begin by recording sales revenue. (Record debits first, then credits. Explanations are not required.) Journal Entry Debit Credit Now we wll record coliections Journal Entry Accounts Debit Credit Next, we will recard receivables actually written off during the year. Joumal Entry Accounts Dobit Crodit