Qualty Watches compieted the following splected transactiens during 2024 and 2085: (1) (Cick the icon to vew the transactions.) Read the revirements Requirement 1. The T-eccounts for Allowance for lad Debts and Bad Debss Expense have been opened for you, assuming the accounts begin wath a zero balance. Record the trari Cloc is Clesing entry, Wio = Writo-aff.) Begin by recording the 2024 transactions in the general jourhal Dec. 31: Estimatod that bad debis expense for the year was 3% of crect sates of 5490,000 and rocerded that ameunt as expense. The company uses the alowance methed Dea. 31- Msde the closing entry for bad dets expense 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 $137,000. Show how net accounts receivable would be reported on the balance sheet at that date. Quality Watches completed the following selected transactions during 2024 and 2025: (1. (Click the icon to view the transactions) Read the