Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries) Sales on account, $400,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit Dec. 31 Accounts Receivable 400.000 Ses Revenue 400,000 Choose from any list or enter any number in the input fields and then continue to the next question Collections on account, $391.200 Date Accounts and Explanation Debit Credit 2018 Dec 31 Cash 39 1.2001 Accounts Receivable 391,200 Wrote off accounts receivable as uncollectible: Silver. Co. S1.200, Oliver Welch, $1.400; and Pristine, Inc., $400 Choose from any list or enter any number in the input fields and then continue to the next question. Wrote off accounts receivable as uncollectible: Silver, Co., $1,200: Oliver Welch, $1,400; and Pristine, Inc., $400. Debit Credit Date Accounts and Explanation 2018 Dec. 31 Allowance for Bad Debts Accounts Receivable-Silver, Co. Recorded bad debts expense based on the aging of accounts receivable Choose from any list or enter any number in the input fields and then continue to the next question Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2018 Dec. 31 Bad Debts Expense Allowance for Bad Debts Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts Choose from any list or enter any number in the input fields and then continue to the next question Requirement 1. Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Journalize the transactions (omit explanations) and post to the two accounts Begin by journalizing the transactions. (Record debits first, then credits. Exclude explanations from journal entries) Sales on account, $400,000. Ignore Cost of Goods Sold. Accounts and Explanation Debit Credit Dec. 31 Accounts Receivable 400.000 Ses Revenue 400,000 Choose from any list or enter any number in the input fields and then continue to the next question Collections on account, $391.200 Date Accounts and Explanation Debit Credit 2018 Dec 31 Cash 39 1.2001 Accounts Receivable 391,200 Wrote off accounts receivable as uncollectible: Silver. Co. S1.200, Oliver Welch, $1.400; and Pristine, Inc., $400 Choose from any list or enter any number in the input fields and then continue to the next question. Wrote off accounts receivable as uncollectible: Silver, Co., $1,200: Oliver Welch, $1,400; and Pristine, Inc., $400. Debit Credit Date Accounts and Explanation 2018 Dec. 31 Allowance for Bad Debts Accounts Receivable-Silver, Co. Recorded bad debts expense based on the aging of accounts receivable Choose from any list or enter any number in the input fields and then continue to the next question Recorded bad debts expense based on the aging of accounts receivable Date Accounts and Explanation Debit Credit 2018 Dec. 31 Bad Debts Expense Allowance for Bad Debts Open T-accounts for Accounts Receivable and Allowance for Bad Debts. Post the transactions to the two accounts Choose from any list or enter any number in the input fields and then continue to the next