Question Help During its first year of operations, Spring Garden Plans earned net credit sales of $319,000. Industry experience suggests that bad debts will amount to 2% of net credit sales. A: December 31, 2024, accounts receivable total $42,000. The company uses the allowance method to account for uncollectibles Read the requirements Requirement 1. Journalize Spring's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Select the explanation on the last line of the joumal entry table.) Date Accounts and Explanation Dett Credit Dec 31 Requirement 2. Show how to report accounts receivable on the balance sheet at December 31, 2024 Balance Sheet (Partial): Current Assets Choose from any list or enter any number in the input fields and then continue to the next question KES 22 atv s A mg's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits. Se i Requirements 1. Journalize Spring's Bad Debts Expense using the percent-of-sales method. 2. Show how to report accounts receivable on the balance sheet at December 31, 2024 eport Print Done any number in the input fields and then continue to the next