Question Help * uring its first year of operations, Whippersnapper Fun Room earned net credit sales of $334,000. Industry experience suggests that ad debts will amount to 1% of net credit sales. At December 31, 2018, accounts receivable total $36,000. The company uses the allowance method to account for uncollectibles. Read the requirements Requirement 1. Journalize Whippersnapper's Bad Debts Expense using the percent-of-sales method. (Record debits first, then credits Select the explanation on the last line of the journal entry table.) Date Accounts and Explanation Debit Credit Dec. 31 Requirement 2. Show how to report accounts receivable on the balance sheet at December 31, 2018. Balance Sheet (Partial) Current Assets Choose from any list or enter any number in the input fields and then continue to the next