Requirement 3. Journalize Winding's adjustment to record bad debts expense assuming Winding estimates bad debts as 9% of accounts receivable on January 31, 2024. Post the adjustment to the appropriate T-accounts. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) First journalize Winding's adjustment to record bad debts expense. Date 2024 Jan. 31 Accounts and Explanation Debit Credit More info a. Sales of $173,000 ($157,000 on account; $16,000 for cash). Ignore Cost of Goods Sold. b. Collections on account, $130,000. c. Write-offs of uncollectible receivables, $2,800