Problem 1: PS9-42 Background: Crystal Clear Cleaning uses the allowance method to estimate bad debts. Consider the following January transactions for Crystal Clear. Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts to view). The accounts have already been opened in the General Ledger (click on "General Ledger to view). 2. Prepare journal entries to record the January transactions and post the entries to the General Ledger 3. Review each of the accounts in the General Ledger to see the results of posting the journal Transactions: 01/01/2018 Performed cleaning service for Debbie's D-list for $9,000 on account with terms 3/10, n/20. 01/10/2018 Borrowed money from High Roller Bank, $20,000, making a 180 day, 15% note. 01/12/2018 After discussions with Merry Cleaners, Crystal Clear has determined that $275 of the receivable owed will not be collected. Wrote off this portion of the receivable. 01/15/2018 Sold goods to Westford for $8.000 on account with terms 5/10. n/30. Cost of Goods Sold was $400 SAVE WORK RESET RESULTS SUBMIT WORK Problem 1: PS9-42 Background: Crystal Clear Cleaning uses the allowance method to estimate bad debts. Consider the following January transactions for Crystal Clear. Assignment: This question has 4 requirements. Scroll down to review the requirements and ensure you complete all requirements before submitting your work for grading. Requirements 1. The accounts used by Crystal Clear Cleaning are provided in the Chart of Accounts (click on "Chart of Accounts to view). The accounts have already been opened in the General Ledger (click on "General Ledger to view). 2. Prepare journal entries to record the January transactions and post the entries to the General Ledger 3. Review each of the accounts in the General Ledger to see the results of posting the journal Transactions: 01/01/2018 Performed cleaning service for Debbie's D-list for $9,000 on account with terms 3/10, n/20. 01/10/2018 Borrowed money from High Roller Bank, $20,000, making a 180 day, 15% note. 01/12/2018 After discussions with Merry Cleaners, Crystal Clear has determined that $275 of the receivable owed will not be collected. Wrote off this portion of the receivable. 01/15/2018 Sold goods to Westford for $8.000 on account with terms 5/10. n/30. Cost of Goods Sold was $400 SAVE WORK RESET RESULTS SUBMIT WORK