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Dialex Watches completed the following selected transactions during 2024 and 2025 : (1) (Click the icon to view the transactions.) Read the requirements. first, then credits. Exclude explanations from journal entries. Abbreviations used: Adj. = Adjusting entry, Clos. = Closing entry, W/O = Write-off.) Begin by recording the 2024 transactions in the general journal. Dec. 31: Estimated that bad debts expense for the year was 1% of credit sales of $490,000 and recorded that amount as expense. The company uses the allowance method. Requirements 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming 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 $134,000. Show how net accounts receivable would be reported on the balance sheet at that date. Dialex Watches completed the following selected transactions during 2024 and 2025 : (i) (Click the icon to view the transactions.) Read the requirements. first, then credits. Exclude explanations from journal entries. Abbreviations used: Adj. = Adjusting entry, Clos. = Closing entry, W/O = Write-off.) Begin by recording the 2024 transactions in the general journal. Dec. 31: Estimated that bad debts expense for the year was 1% of credit sales of $490,000 and recorded that amount as expense. The company uses the allowance method. More info Requirements 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming 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 $134,000. Show how net accounts receivable would be reported on the balance sheet at that date