S8-5 Applying the allowance method to account for uncollectibles Learning Objective 3 The Accounts Receivable balance and Allowance for Bad Debts for Signature Lamp Company at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, Signature Lamp Company completed the following transactions: a. Sales revenue on account, $273.400 (ignore Cost of Goods Sold). b. Collections on account, $223,000. c. Record estimated bad debts expense of $5,200. d. Write-offs of uncollectibles, $5,900. Requirements 1. Journalize Signature Lamp Company's transactions for 2018 assuming Signature Lamp Company uses the allowance method. 2. Post the transactions to the Accounts Receivable, Allowance for Bad Debts, and Bad Debts Expense T-accounts, and determine the ending balance of each account