H NHI KHOA HC V NHUNG H H Ham U 4 HP 4 4 2 ta l H 3 HINH HINH 4 H HNH H N H n. - X * Requirements 1. Journalize Spring's Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31-2018 Print Done its first year of operations, Spring Garden Plans earned net credit sales of $320,000. Industry experience suggests that bad debts the requirements Frement 1. Journalize Spring's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the e Date Accounts and Explanation Debit Credit 31 Accounts Payable Accounts Receivable Allowance for Bad Debts Bad Debts Expense quirement 2. She Cash Sales Revenue Balance Sheet (P Current Assets ber 31, 2018 year of operations, Spring Garden Plans earned not credit sales of $320,000 Industry experience suggests that bad debts will amount to 2% of not credit sales. At December 31, 2018 uirements 1. Journalize Spring's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Accounts and Explanation Debit Credit 31 ber 31, 2018 -nt 2. She Collected cash on account Sheet( Record sales for the year Assets Recorded bad debts expense for the period Reinstated previously written of account Wrote off uncollectible accounts Requirement 2. Show how to report accounts receivable on the balance sheet at December 31, 2018 Balance Sheet (Partial): Current Assets G G Accounts Payable Accounts Receivable Allowance for Bad Debts Cash Revenue Bad Debts Expense