On February 28, Hilltop Ski Equipment had a $35,000 debit balance in Accounts Receivable. During March, the company had sales of $81,300, which included $74,000 in credit sales March collections were $53,000, and write-offs of uncollectible receivables totalled $1,350. Other data include: a. February 28 credit balance in Allowance for Doubtful Account was $1,850. b. Bad debt expense was estimated as 5 percent of credit sales. Required 1. Prepare journal entries to record sales, collections, write-offs of uncollectibles during March, and bad debt expense by the allowance method (using the percent-of-sales method). Start by entering the journal entry for the sales recorded in March. (Record debits first, then credits. Explanations are not required.) Date Mar. 311 Journal Entry Accounts Next, joumalize the collections on account. Date Mar. 31 Debit Credit Journal Entry Accounts Debit Credit Now, record the entry to journalize the write-offs of uncollectible receivables. Journal Entry Date Mar. 31 Accounts Debit Credit