Rsad tha whipltarls More info Requirements 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming the accounts begin with a zero balance. Record the transactions in the general journal (omit explanations), and post to the two T-accounts. 2. Assume the December 31,2025 , balance of Accounts Recelvable is $136,000. Show how net accounts recelvable would be reported on the balance sheet at that date. Delta Watches completed the following selected transactions during 2024 and 2025 : (Click the icon to view the transactions.) Read the requirements. Requirement 1. The T-accounts for Allowance for Bad Debts and Bad Debts Expense have been opened for you, assuming the accounts begin with a zero balance. Record the transactions in the general journal (omit explanations), and post to the two T-accounts. (Record debits first, then credits. Exclude explanations from joumal entries. Abbreviations used: Adj. =Adjusting entry, Clos. = Closing entry, W/O = Write-off.) Begin by recording the 2024 transactions in the general journat. Dec. 31: Estimated that bad debts expense for the year was 2% of credit sales of $450,000 and recorded that amount as expense. The company uses the allowance method