E8-19 (similar to) Question Help At January 1, 2018, Windy Mountain Flagpolas had Accounts Racaivable of $33,000, and Allowance for Bad Debts had a credt balance of $3,000. During the year, Windy Mountain Flagpolas recorded the following (Click the icon to view the transactions) Read the reoements Requirement 1. Journalize Windy's transactions that occurred during 2018. The company uses the allowance method. (Record deblts irst then credits Select the explanation on the last line of the journal entry table.) (a.) Sales of $176 000 (157,000 on account $19,000 for cash) Ignore Cost of Goods Sold. (Prepare a single compound journall entry Accounts and Explanation Requirements Date Debit Credit 2018 1. Journalize Windy's bransactions that occurred during 2018 The 2. Post Windy's transactions to the Accounts Receivable and Allowance . Journalize Windy's adjustment to recond bad debts expense assuming company uses the allowance mathed for Bad Debts T-accounts Wedy estimates bad debts as 15% of accounts receivable Post the More Info a. Salas of $176 000 ($157,000 on account $19,000 for cash) gnore Cost of Goods 5ols b. Collections on account $134.000 c. Write-offs of uncolectble recelvables $2.100 adjustment to the appropriene T-accounts Show how Windy Mountain Flegpoles wil report net accounts recelvable on its December 31, 2018, balance sheet Print Done Print Done Choose trom any list or enter any number in the input felds and then