recorded the following: At January 1, 2018, Hilly Mountain Flagpoles had Accounts Receivable of $32,000, and Allowance for Bad Debts had a credit balance of $4,000. During the year, Hilly Mountain Flagpoles (Click the icon to view the transactions.) Read the requirements. Requirement 1. Journalize Hilly's transactions that occurred during 2018. The company uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) (a.) Sales of $178,000 ($160,000 on account; $18,000 for cash). Ignore Cost of Goods Sold. (Prepare a single compound journal entry.) Date 2018 Accounts and Explanation Accounts Receivable (b.) Collections on account, $133,000. Date 2018 Debit Credit Accounts and Explanation Debit Credit