More info Requirements 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assumirfy the accounts begin with a zero balance. Record the transactions in the general journal (omit explanations), and post to the two T-accounts. 2. Assume the December 31,2025 , balance of Accounts Receivable is $137,000. Show how net accounts receivable would be reported on the balance sheet at that date. Gitter Watches completed the following selected transactions during 2024 and 2025 : (B) (Click the icoin to view the transactions.) Read the teovirements. Requirement 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming the accounts begin with a zaro balance. Record the transactions in the general journal (omit explarasions), and pest to the two T-accounts. (Recerd debits first, then crediss. Exclude axplanations from joumal antries. Abbreviations used: Adf = Adjusting entry, Clos. = Closing entry, WiO = Whie-off.) Begin by recording the 2024 transactions in the general joumal. Dec 31: Estimated that bad debts expense for the year was 2% of credi sales of $470,000 and recorded that amount as expense. The company uses the allowance method