nd ng Storm utoring A January 2018, Hey Mountain Flagpoles had Accounts Receivable of $31,000, and Allowance for Bad Debts had a credit bald Pagpoles recorded the following Cox the Roon to view the transactions) Read the Accounts Receivable Allowance for Bad Debts Jan 2018 t Journale Hly's transactions that occurred dur unes the allowance method 2. Post Hays transactions to the Accounts Rece Bad Debts accounts 3. Jouma's adjustment to record bad del Hly estimates bad debts as 12 of counts adjustment to the appropriate Taccount 4 Show how Hity Mountain Flagpoles will report More Info rations Choose from any store any number in the input fields and Print Dono 3 ans remaining a Sales of $170.000 ($150,000 on account $20,000 Ignore Cost of Goods Sold b. Collections on account. $134,000 c. Write-offs of uncollectible receivables, $2.200 Discover 365 Score: 0.29 UI %E9-19 (similar to) Questo At January 1, 2018, Hilly Mountain Flagpoles had Accounts Receivable of $31.000, and Allowance for Bad Debts had a creat balance of 53.000. During te year, Hly Mountain Flagpoles recorded the following: (Click the icon to view the transactions.) Read the rouirements... Jan. 1. 2018 Bal 31000 Collections Net credit sales 165.000 Unad Bal 190000 195000 Unad. Bal Check Answer ter any number in the input fields and then click Check Answer ad Accounts Receivable of $31.000, and Allowance for Bad Debts had a credit balance of $3,00 i More Info a. Sales of $179,000 ($159,000 on account; $20,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $134,000, e, Write-offs of uncollectible receivables, $2,200, madj. the in Print Done ntain Flagpoles had Accounts Receivable of $31.000, and Allowance for Bad Debts had a i Requirements 1. Journalize Hilly's transactions that occurred during 2018. The company uses the allowance method. 2. Post Hilly's transactions to the Accounts Receivable and Allowance for Bad Debts T-accounts. 3. Journalize Hilly's adjustment to record bad debts expense assuming Hilly estimates bad debts as 12% of accounts receivable. Post the adjustment to the appropriate T-accounts. 4. Show how Hilly Mountain Flagpoles will report net accounts receivable Print Done