Required 1. Record each transaction using the allowance method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit 184,000 1 Accounts receivable a Service revenue 184,000 179,000 Cash 179,000 Accounts receivable Bad debt expense 3 C Allowance for uncollectible accounts Allowance for uncollectible accounts 7,400 4 7,400 Accounts receivable The following information applies to the questions displayed below At the beginning of 2018, Brad's He ating & Air (BHA) has a balance of $25,400 to account for uncollectible accounts. However, at the end of 2018, BHA wishes to obtain a loan at the local bank, which requires the preparation of proper financial statements. This means that BHA now will need to use the allowance method. The following transactions occur during 2018 and 2019. accounts receivable. Because BHA is a privately owned company, the company has used only the direct write-off method a. During 2018, install air conditioning systems on account, $184.000 b. During 2018, collect $179,000 from customers on account. c. At the end of 2018, estimate that uncollectible accounts total 15% of ending accounts receivable. d. In 2019, customers' accounts totaling $7,400 are written off as uncollectible. Required information You did not receive full credit for this question in a previous attempt 100 points Record each transaction using the direct write-off method. (If no entry required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet General Journal No Transaction Debit Credit Accounts receivable 184,000 a Service revenue 184.000 2 Cash 179,000 Accounts receivable 179,000 No journal entry required C Bad debt expense 4 Accounts receivable value You did not recei 1.00 points 3. Calculate the difference in net income (before taxes) in 2018 and 2019 between the two methods Allowance Method Direct Write-off Method Bad Debt Expense 2018 2019