Reliable Auto Parts, Inc., completed the following selected transactions during 2018 (Click the icon to view the transactions.) Read the requirements Requirement 1. Record the transactions in the journal and post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $2.400 (R) and SO, respectively. Remember to update account balances but ignore posting references Begin by recording the transactions in the journal (Record debits first, then credits. Exclude explanations from any journal entries.) Jan 17: Sold inventory to Quincy Handler, S900 on account. Ignore cost of goods sold. Date Debit Credit Journal Entry Accounts 17 | Cash Accounts receivable - Quincy Handler Jun 29: Wrole off the Quincy Handler account as uncollectible after repeated efforts to collect from him. Date Debit Credit Journal Entry Accounts 29 Accounts receivable. Quincy Handler Bad debt expense Jun Aug 6: Received $250 from Quincy Handler, along with a letter stating his intention to pay within 30 days. Reinstated his account inful Begin by preparing the entry to reinstate the account. (Do not record the receipt of cash, this will be recorded in the next entry) Journal Entry Date Accounts Debit Credit Aug Cash Now prepare the entry for the receipt of $250 from Quincy Handler. Journal Entry Accounts Date Debit Aug Sep 4: Received the balance due from Quincy Handler Journal Entry Date Accounts Debit Credit Sep Journal Entry Date Accounts Debit Credit Aug Sep 4: Received the balance due from Quincy Handler Journal Entry Date Accounts Oct 31: Made a compound entry to write off the following accounts as uncollectible: Bob Keffer. $700,Teresa Martin. 5250and Sid Forman, $100 Journal Entry Accounts Date Debit Debit Credit Oct 31 Dec 31: Based on the aging of accounts receivable, estimated uncollectible accounts as $4,000 Journal Entry Accounts Date Debit Credit Dec 31 Now post to the Allowance for uncollectible accounts and Bad debt expense ledger accounts that have been opened for you. These accounts have beginning balances of $2.400 (or) and So respectively. Remember to update account balances but ignore posting references. Post to the accounts in the same order as the Journal entries prepared above, using the first available line on the debitor credit side of each T-account) Allowance for uncollectible accounts Bad debt expense Beg Ba 2.400 Beg Ball Requirement 2. The December 31 balance of Accounts receivable is $158,000. Show how Accounts receivable would be reported on the balance sheet at that date Complete all answer boxes.) Reliable Auto Parts, Inc. Balance Sheet (partial) December 31