E-F:8-18 Journalizing transactions using the allowance method (Learning Objectives 1,3) Desert Landscape Supply completed the following selected transactions during 2024: 2024 Jan. 20 Sold merchandise inventory to Kathy Weiler, $1,600, on account. Ignore Cost of Goods Sold. Mar. 21 Sold merchandise inventory to David Morris, $2,000, on account. Ignore Cost of Goods Sold. Apr. 1 Received amount due from David Morris. Jun. 14 Wrote off Kathy Weiler's account as uncollectible after repeated efforts to collect from her. Sept. 30 Received $1,600 from Kathy Weiler along with a letter apologizing for being so late. Reinstated Weiler's account in full and recorded the cash receipt. Oct. 13 Sold merchandise inventory to Alsalemi Landscape Installation, $800, on account. Ignore Cost of Goods Sold. Nov. 4 Alsalemi Landscape Installation declared bankruptcy and Desert wrote off Alsalemi's account as uncollectible. Dec. 1 Sold merchandise inventory to Eco Design and Landscape, $10,000, on account. Ignore Cost of Goods Sold. Dec. 31 Estimated that bad debts expense for the year was $2,000. Journalize the transactions for Desert Landscape Supply using the allowance method. Include the name of the customer with the Accounts Receivable account. Explanations are not required. E-F:8-20 Accounting for uncollectible accounts using the allowance method (percent-of-receivables) and reporting receivables on the balance sheet (Learning Objectives 1, 3) Requirements 1. Journalize Hilltop's transactions that occurred during January. The company uses the allowance method. 2. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop estimates bad debts as 10% of accounts receivable on January 31,2024 . Post the adjustment to the appropriate T-accounts. 3. Bad Debts Expense $4,770 3. Bad Debts Expense $4,770 4. Show how Hilltop Flagpoles will report net accounts receivable on its January 31, 2024, balance sheet