PS8-44 (similar to) Question Help Shine King Cleaning uses the allowance method to estimate bad debts. Consider the following April 2019 transactions for Shine King Cleaning A (Click the icon to view the April 2019 transactions! Read the requirements Requirement 1. Prepare all required journal entries for Shine King (Record debits first, then credits. Exclude explanations from any journal entries Apr 1 Performed cleaning services for Dora's D-list for $14,000 on account with terms n 20. Date Accounts Debit Credit Apr. 1 Apr. 1 Performed cleaning service for Dora's D-list for $14,000 on account with terms n/20. 10 Borrowed money from Vanguard Bank, $25,000, making a 180 day, 9% note. 12 After discussions with Miami Rag Tag, Shine King has determined that $350 of the receivable owed will not be collected. Wrote off this portion of the receivable. 15 Sold goods to Wallaston for $10,000 on account with terms n/30. Cost of Goods Sold was $3,000 28 Sold goods to Leslie, Inc. for cash of $1,400 (cost $280). 28 Collected from Miami Rag Tag, $350 of receivable previously written off. 29 Paid cash for utilities of $300. 30 Created an aging schedule for Shine King Cleaning for accounts receivable. Shine King determined that $4,500 of receivables outstanding for 1-30 days were 5% uncollectible, $2,000 of receivables outstanding for 31-60 days were 15% uncollectible, and $30,000 of receivables outstanding for more than 60 days were 30% uncollectible. Shine King Cleaning determined the total amount of estimated uncollectible receivables and adjusted the Allowance for Bad Debts. Assume the account had an unadjusted credit balance of $270. (Round to nearest whole dollar) 1. Prepare all required journal entries for Shine King. Omit explanations. 2. Show how net accounts receivable would be reported on the balance sheet as of April 30, 2019