S8-5 (similar to) Question Help The Accounts Receivable balance and Allowance for Bad Debts for World Class Sport Shoes at December 31, 2017, was $10,800 and $2,000 (credit balance), respectively. During 2018, World Class Sport Shoes completed the following transactions: (Click the icon to view the transactions.) Read the requirements Requirement 1. Journalize World Class Sport Shoes's transactions for 2018 assuming World Class Sport Shoes uses the allowance method. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) a. Sales revenue on account, $288,300 (ignore Cost of Goods Sold). * More Info - X Accounts and Explanation Debit Credit a. Sales revenue on account, $288,300 (ignore Cost of Goods Sold) b. Collections on account, $224,000. c. Write-offs of uncollectibles, $6,200. d. Bad debts expense of $5,900 was recorded. X 0 Requirements Print Done 1. Journalize World Class Sport Shoes's transactions for 2018 assuming World Class Sport Shoes 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. 3. Show how accounts receivable would be reported on the balance sheet at December 31, 2018 Choo Print Done