Homework: Chapter 9 Homework core: 0 of 1 pt 2 of 4 (1 complete) HW Score: 254 9-18 (similar to) January 1, 2018, Purple Mountain Flagpoles had Accounts Receivable of 529,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Purple Mountain Flagpoles recorded the following Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize Purple's transactions that occurred during 2018. The company uses the allowance method (Record debitsfest, then credits Select the explanation on the last line of the journal entry table) (a) Sales of $181.000 (5160,000 on account, 821.000 for cash. Ignore Cost of Goods Sold (Prepare a single compound journal entry) Date Accounts and Explanation - X More Info 2018 Deble Sales of $181,000 $160 000 on account 121.000 for cash Ignore Cost of Good Sold b. Collections on account, $131.000 c. Wite-offs of uncollectible receivables, 52.700 Print Donel Choose from any or enter any number in the input and hence Check Answer 6 Panning Clear All Final Check Type here to search A do IE 720PM