I am really confused with this one. Thank you very much in advance!

At January 1, 2016, Hilltop Flagpoles had Accounts Receivable of $29,000, and Allowance for Bad Debts had a credit balance of $3,000. During the year, Hilltop Flagpoles recorded the following: i Requirements 1. 2. 3. Journalize Hilltop's transactions that occurred during 2016. The company uses the allowance method. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop estimates bad debts as 4% of credit sales. Post the adjustment to the appropriate T-accounts. Show how Hilltop Flagpoles will report net accounts receivable on its December 31, 2016 balance sheet. 4. Print Done Requirement 1. Journalize Hilltop's transactions that occurred during 2016. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $176,000 ($ 158,000 on account; $18,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date Accounts and Explanation Debit Credit 2016 (b.) Collections on account, $ 128,000. Date Accounts and Explanation Debit Credit 2016 (c.) Write-offs of uncollectible receivables, $2,100. Date Accounts and Explanation Debit Credit 2016 Requirement 2. Post Hilltop's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. Enter the beginning balances and the journal entries, and then compute the unadjusted balance of each account. Accounts Receivable Allowance for Bad Debts Requirement 3. Journalize Hilltop's adjustment to record bad debts expense assuming Hilltop estimates bad debts as 4% of credit sales. Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Hilltop's adjustment to record bad debts expense. Date Accounts and Explanation Debit Credit Dec. 31 Post the adjustment to the appropriate T-accounts. Enter the unadjusted balances computed in requirment 2 and the the beginning balance for the Bad Debt Expense account. Then post the adjustment and compute the December 31 adjusted balance of each account. (Enter a "0" for any zero balances.) Accounts Receivable Allowance for Bad Debts Bad Debts Expense Requirement 4. Show how Hilltop Flagpoles will report net accounts receivable on its December 31, 2016 balance sheet. Balance Sheet (Partial): Current Assets