January 1, 2004, Purple Mountain Flagpoles had Accounts Receivable of $20,000, and Allowance for Bad Dots had a cradt balance 4.000. During the year, Purple Mountain Plugcoles recorded the fohowing transactions for January Click the lon to view the transaction Read the requirements Requirement 1. Journalize Purple's transactions that occurred during January. The company uses the allowance method (Record debts first, the credit Select the explanation on the last line of the journal artry table. a) Sales of $172.000 (5156.000 on account $16,000 for cash). Ignore Cost of Goods Sold. Prepare a single compound journal entry) Date Accounts and Explanation Debit Credit 2094 More Info Jan. Cash 16,000 Accounts Receivable 150.000 Sant of $172.000 ($150.00 on account $16.000 for cash) Sales Revenue 172,000 Ignore Cost of Goods Sold b. Colections on account, $131.000 Recont sales for the year c. Whoffs of uncollectible receivable 12.100 (b) Collections on account, 5131,000 Date Accounts and Explanation Debit Credit Print Done 2024 Jan hinnatud then click check Awwer