On November 30, Premier Party Planners had a $35,000 balance in Accounts Receivable and a $3,747 credit balance in Allowance for Uncollectible Accounts. During December, Premier made credit sales of $198,000. December collections on account were $160,000, and write-offs of uncolectibla raceivables totaled $2.850. Uncollectible-accounts expense is astimated as 2% of cradit salas. No sales ratums are expected Requirements col le-of ble and llectible-a ethod during December. E 2. Show tha anding balances in Accounts Raceivable. Allowanca for Uncolectibla Accounts, and Net Accounts Receivable at Dacembar 31 How much does Pramier axpact to collect? 3. Show how Premier Party Planners will report accounts receivable and net sales on its December 31 balance sheet and income statement for the month ended December 3 Requirement 1. Joumalize sales, collections, te-offs of uncolectibles, and uncallectible-account expense by the alluvance method during December. Explanations are nat required (Record debits first, then credits. Exclude explanations from any journal entries.) (a) Begin by recording the journal entry for December sales. Journal Entry Debi (b) Next, journalize the collections on account. Journal Entry Debit Accounts