E8-17 The company uses the allowance method. (Record debits first. then credits. Select the explanation on ing Just line of the Journal entry table.) (8.] Sales of 3 174 commi 0008174,000 $ 157 comma 0003157,000 on BOCount 9 17 comm: 000517,000 'on cush. Ignore Cost of Goods Sold. (Frepure a single compound Joumal entry) Date Accounts and Explanation Debit Credit 2016 Accounts Receivable 157,000 17,000 Sales Revenue 174,000 Record soles for the year. (b.) Collections on account 3 131 comm 000$131,000 Date Accounts and Explanation Debit Credit 2016 Cach 131,000 Accounts Receivable 131,000 Collected cash on account (c.] Write-offs of uncollectible receivables 3 2 comm: 20082,200 Date Accounts and Explanation Debit Credit 2016 Allowance for Bed Debt 2,200 Accounts Receivable 2,200 Whose off uncollectible accounts. Requirement 2 Post HIVSHINE transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. Enter the beginning bylances and the journal entries, and then compute the unadjusted balance of each] Accounts Receivable Allowance for Bed Debts Jan. 1, 2016 Bul. 31,000 2,200 Write-offs