Financial Accounting ACG 2021-301 Homework: Chapter 8 Receivables Score: 0.13 of 1 pt 10 of 173 complete E8-18 (book/static) At January 1, 2018, tap Flagpoles had Accounts Receivable of $28.000, and Allowance for Bed Debts had credit belance of $3.000. During the your Click the loon to view the transactions.) Read the requirements HW Soc rep Flegos corded the flowing Requirement 1. Journalize Hilhop's transactions that occurred during 2018. The company uses the allowance method fecord debit first, then credits Select the explanation on the last line of the jouma entry label () Sales of $185,000 ($164.000 on account: $21,000 for cash ore Cost of Goods Sold Prepare a single compound many Date Accounts and Explanation Debit 2018 21,000 Cash Accounts Receivable Sales Revenue 164,000 Record sales for the year Collections on account. $135.000 Date Accounts and Explanation Debit Credit 2018 Accounts Receivable Allowance for Bad Debts Bad Debts Expenses Sales Revenue nd then click Check Answer Choose from. Clear All 5 parts remaining